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Cisco Systems Tumbles After Analyst Downgrade

Guavy AI Editorial Team Published September 23, 2026

Instruments

CSCO

Cisco Systems (NASDAQ:CSCO) shares took a hit after Piper Sandler downgraded their price target from $132.00 to $125.00.

The stock dropped 5.1% on Tuesday, trading as low as $106.56 and closing at $105.7670.

This comes after several analyst upgrades, including KeyCorp's lift of the price target to $135.00 and Wells Fargo & Company's increase to $150.00.

Cisco Systems currently has a consensus rating of 'Moderate Buy' with a median target of $129.36.

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