Cisco Systems Stock Rises Amid Analyst Target Cut Concerns
Cisco Systems' stock is trading at EUR 93.98 after analyst Piper Sandler cut its target from USD 132.00 to USD 125.00. The company's strong fiscal fourth-quarter figures have created a counterpoint to the target cut, with revenue reaching USD 17.25 billion and adjusted EPS of USD 1.22.
The target cut reflects concern over industry growth and valuation multiples, but Cisco's operating performance suggests a more constructive picture. MarketBeat reported a consensus Moderate Buy rating and an average target of USD 129.36.
Cisco's next quarterly call is scheduled for November 12, 2026, where it will reveal whether the strong Q4 revenue growth is translating into its guided fiscal 2027 trajectory. The company guided for Q1 revenue of USD 18.00 billion to USD 18.20 billion and adjusted EPS of USD 1.32 to USD 1.34.