Stocks
Cisco Stock Price Target Cut to $138.71
Cisco Systems, Inc., a leading technology company, has seen its stock's average price target cut by analysts. According to estimates from 21 experts, Cisco's stock price is now forecasted to reach $138.71 in the next year, down from a previous estimate of $139.52. This new target implies around 22% potential upside for investors.
The consensus rating among covering analysts remains at 'Buy', with 18 Buys and 11 Holds out of 30 total recommendations. Only one analyst recommends selling Cisco stock.
It's worth noting that the updated price target range is quite broad, spanning from $115 to $170 per share. This suggests a significant amount of uncertainty among analysts about the company's future performance.