Bank of America raised its price target for Ciena Corp. to $660 from $550.
The bank maintained its "Buy" rating on the stock.
The revision reflects confidence in resilient demand within the growing optical networking equipment sector.
Expanding AI-related infrastructure and an industry transition from 400G to 800G pluggable optics fuel this outlook.
Analyst Tal Liani expects Ciena and Cisco to remain market share leaders during this technology upgrade cycle.
The stock rose moderately following the news.