Piper Sandler Lowers Cisco Price Target Amid Mixed Results
Cisco Systems' stock has been subject to a target cut by Piper Sandler, which now predicts a price of USD 125.00 for the tech giant.
The reduction comes as Cisco reported strong results for fiscal 2026, with revenue reaching USD 63.33 billion and net income hitting USD 13.27 billion.
However, the target cut also takes into account a discrepancy in the latest quarter's revenue figures, which came in at USD 17.25 billion against an expected USD 16.84 billion.