- 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.
