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Analysts Offer Insights on Technology Companies: Ciena (CIEN), Fidelity National Info (FIS) and Item 9 Labs (OtherINLB)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Ciena (CIENResearch Report), Fidelity National Info (FISResearch Report) and Item 9 Labs (INLBResearch Report) with bullish sentiments.

Ciena (CIEN)

In a report released yesterday, George Notter from Jefferies reiterated a Buy rating on Ciena, with a price target of $88.00. The company’s shares closed last Tuesday at $68.53.

According to TipRanks.com, Notter is a 5-star analyst with an average return of 15.4% and a 63.4% success rate. Notter covers the Technology sector, focusing on stocks such as CommScope Holding, Juniper Networks, and Cambium Networks.

Currently, the analyst consensus on Ciena is a Strong Buy with an average price target of $82.57, which is a 28.2% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $88.00 price target.

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Fidelity National Info (FIS)

Jefferies analyst Trevor Williams maintained a Buy rating on Fidelity National Info yesterday and set a price target of $120.00. The company’s shares closed last Tuesday at $102.85, close to its 52-week low of $100.84.

According to TipRanks.com, Williams is ranked 0 out of 5 stars with an average return of -9.7% and a 31.1% success rate. Williams covers the Technology sector, focusing on stocks such as Paypal Holdings, Global Payments, and Fiserv.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fidelity National Info with a $139.75 average price target, implying a 34.8% upside from current levels. In a report issued on February 14, Robert W. Baird also maintained a Buy rating on the stock with a $142.00 price target.

Item 9 Labs (INLB)

Noble Financial analyst Joe Gomes maintained a Buy rating on Item 9 Labs today and set a price target of $4.00. The company’s shares closed last Tuesday at $1.21, close to its 52-week low of $0.90.

According to TipRanks.com, Gomes is a 5-star analyst with an average return of 16.4% and a 46.0% success rate. Gomes covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Voyager Digital (Canada), and Kratos Defense.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Item 9 Labs with a $4.00 average price target.

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