Analysts Give Cisco Systems Average Price Target of $128.52
Cisco Systems has earned an average rating of 'Moderate Buy' from 26 brokerages covering the company, according to MarketBeat Ratings. Seven analysts have given a hold rating, while 16 have recommended buying Cisco's stock and three have assigned a strong buy rating.
The average 12-month price target among these analysts is $128.52. Several firms have recently weighed in on CSCO shares, including Sanford C. Bernstein, which started coverage with a 'market perform' rating and a $110 price objective. Deutsche Bank Aktiengesellschaft issued a 'buy' rating and a $135 target price.
HSBC cut its rating from 'buy' to 'hold' and decreased its target price from $137 to $120. Cisco's quarterly dividend will be paid on October 21st, with an annualized payout of $1.68 per share.