Barclays Boosts Price Target on Cisco Systems
Cisco Systems (NASDAQ:CSCO) has been upgraded by Barclays from $121.00 to $123.00, indicating a potential upside of 7.38% from its current price.
This move is part of the company's ongoing efforts to strengthen its position in the networking equipment market.
Recently, several other equities research analysts have weighed in on Cisco Systems. Weiss Ratings upgraded the company from a 'buy (b-)' rating to a 'buy (b)' rating, while Argus upped their target price from $100.00 to $150.00 and gave the company a 'buy' rating.
The firm's guidance for Q1 2027 revenue of $18.0 billion to $18.2 billion and non-GAAP EPS of $1.32 to $1.34 also exceeded analyst expectations. However, analysts have highlighted squeezed gross margins as a concern, potentially impacting the company's profitability.