Bernstein Initiates 'Market Perform' Rating for Cisco Systems with $110 Price Target
Cisco Systems (CSCO) received a new rating from analyst firm Bernstein on September 30, 2026. The rating is 'Market Perform' with a price target of $110 for the stock.
The latest move adds to mixed signals from analysts regarding Cisco's performance. GuruFocus Value indicates that CSCO is currently trading at $106.94, which is 42.8% overvalued compared to its GF Value of $74.90.
Cisco has been transitioning towards software subscriptions and recurring services, driving revenue growth. However, the company's P/E (TTM) ratio stands at 32.12, significantly higher than its 5-year median P/E of 19.8.