Stocks
Cisco Stock Crashes 4.57% After Piper Sandler Cuts Price Target
Cisco Systems stock fell by 4.57% on Tuesday, September 22, 2026, to close at $106.44 after Piper Sandler cut its price target from $132 to $125.
The Nasdaq 100 perp rose 0.79% that day, making Cisco's decline stand out as a company-specific issue.
A financial analysis of the move found that drops like this one tend to bounce back the next session, but in this case, Cisco's price actually fell further.
Despite the cut, Piper Sandler still sees room for growth, with its $125 target sitting 17.44% above the current price.