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Analysts Offer Insights on Technology Companies: Ciena (CIEN), Leidos Holdings (LDOS) and Adobe (ADBE)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Ciena (CIENResearch Report), Leidos Holdings (LDOSResearch Report) and Adobe (ADBEResearch Report) with bullish sentiments.

Ciena (CIEN)

In a report released today, Tal Liani from Bank of America Securities maintained a Buy rating on Ciena, with a price target of $59.00. The company’s shares closed last Tuesday at $49.52.

According to TipRanks.com, Liani is a 5-star analyst with an average return of 12.5% and a 59.8% success rate. Liani covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

Currently, the analyst consensus on Ciena is a Strong Buy with an average price target of $62.17.

See today’s best-performing stocks on TipRanks >>

Leidos Holdings (LDOS)

Bank of America Securities analyst Mariana Perez reiterated a Buy rating on Leidos Holdings today and set a price target of $145.00. The company’s shares closed last Tuesday at $129.36, close to its 52-week high of $130.39.

According to TipRanks.com, Perez is a 5-star analyst with an average return of 29.9% and a 87.2% success rate. Perez covers the Technology sector, focusing on stocks such as Palantir Technologies, Caci International, and Parsons.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Leidos Holdings with a $138.77 average price target, which is an 8.4% upside from current levels. In a report issued on March 20, Argus Research also maintained a Buy rating on the stock with a $145.00 price target.

Adobe (ADBE)

In a report released today, Bradley Sills from Bank of America Securities maintained a Buy rating on Adobe, with a price target of $640.00. The company’s shares closed last Tuesday at $507.60.

According to TipRanks.com, Sills is a 4-star analyst with an average return of 5.3% and a 49.7% success rate. Sills covers the Technology sector, focusing on stocks such as AvidXchange Holdings, Bill.com Holdings, and ServiceNow.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $620.63 average price target, a 22.2% upside from current levels. In a report issued on March 14, Evercore ISI also maintained a Buy rating on the stock with a $650.00 price target.

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