Cisco Systems Target Price Boosted to $138 by UBS Group Analyst

Cisco Systems (NASDAQ:CSCO) has seen its target price boosted by UBS Group from $132.00 to $138.00 in a recent research report. The brokerage firm currently maintains a 'buy' rating on the network equipment provider's stock.

The potential upside for CSCO based on UBS Group's new target price would be 21.62% from its current market value. This is not an isolated instance, as several other brokerages have also issued reports with upgraded price targets and ratings for Cisco Systems in recent weeks.

New Street Research lifted their target price on Cisco Systems from $82.00 to $122.00 and gave the stock a 'neutral' rating. Argus boosted their price target on Cisco Systems from $100.00 to $150.00 and gave the company a 'buy' rating. Additionally, Citic Securities lifted their price objective on shares of Cisco Systems from $90.00 to $130.00 in a report.

Analysts have issued varying ratings for CSCO's stock, with one analyst rating it as 'Strong Buy', 16 issuing a 'Buy' rating, and seven issuing a 'Hold' rating. According to MarketBeat data, Cisco Systems currently has an average rating of 'Moderate Buy' and a consensus target price of $130.24.