Cisco Stock on Track for 23% Gain to Reach $130 in 2027

Cisco Systems (NASDAQ: CSCO) has experienced significant growth in 2026, with shares up 39.07% year to date and 59.57% over the past year.

The stock's recent decline of 4.2% is attributed to Piper Sandler trimming its price target due to growth concerns.

CSCO trades at 21x FY2027 earnings, near $105.60, with a modest premium to the S&P 500's forward P/E around 21-23x.

To reach $130 per share in 2027, Cisco would need to gain about 23% and trade near 25x forward earnings, which is within range for a large-cap networking leader guiding to 15% revenue growth and 17% EPS growth.