Juniper Networks (JNPR) Stock: $36 Price Target From Citi

By Amit Chowdhry ● Apr 17, 2022
  • The shares of Juniper Networks, Inc. (NYSE: JNPR) have received a $36 price target from Citi. These are the details.

The shares of Juniper Networks, Inc. (NYSE: JNPR) have received a $36 price target from Citi. And Citi analyst Jim Suva upgraded Juniper Networks to a “Neutral” rating from a “Sell” rating while increasing the price target from $25.

Suva upgraded the shares upon noting that while supply chain constraints are well known, he did not expect two events:

1.) The large increase in first responder technology advancements and security with funding needs are being met by state and local governments

2.) The recent war in Ukraine is driving a large increase in defense spending around the globe.

As these share shifts evolve, Juniper and Arista Networks are expected to gain more market share from Cisco Systems.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.