Cisco Systems (CSCO) Stock Forecast & Price Target

$52.74

-0.48 (-0.90%)

(As of 10/1/2024 ET)

Cisco Systems - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 22 Analyst Ratings

Sell
1

Hold
13

Buy
8

Based on 22 Wall Street analysts who have issued ratings for Cisco Systems in the last 12 months, the stock has a consensus rating of "Hold." Out of the 22 analysts, 1 has given a sell rating, 13 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CSCO.

Consensus Price Target

$55.00
4.29% Upside

According to the 22 analysts' twelve-month price targets for Cisco Systems, the average price target is $55.00. The highest price target for CSCO is $60.00, while the lowest price target for CSCO is $49.00. The average price target represents a forecasted upside of 4.29% from the current price of $52.74.

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CSCO Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	10 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$55.00	$55.89	$56.47	$59.58
Forecasted Upside	4.29% Upside	10.58% Upside	19.92% Upside	9.53% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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CSCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CSCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cisco Systems Stock vs. The Competition

Type	Cisco Systems	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.36	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	4.74% Upside	1,683.67% Upside	6.55% Upside
News Sentiment Rating	Positive News See Recent CSCO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/20/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$55.00 ➝ $60.00	+16.64%
8/16/2024	Hsbc Global Res 0 of 5 stars	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/16/2024	HSBC 2 of 5 stars		Upgrade	Hold ➝ Buy	$46.00 ➝ $58.00	+19.51%
8/15/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ferragu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$57.00	+18.16%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$52.00 ➝ $52.00	+7.11%
8/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$52.00 ➝ $53.00	+8.85%
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8/15/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$56.00 ➝ $53.00	+8.85%
8/15/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$50.00 ➝ $49.00	-0.75%
8/15/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
8/15/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$56.00 ➝ $58.00	+27.64%
8/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Samik Chatterjee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$53.00 ➝ $55.00	+13.29%
5/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$52.00 ➝ $57.00	+16.68%
5/16/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$54.00 ➝ $58.00	+17.86%
5/13/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Ackerman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$50.00	+4.04%
4/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$55.00 ➝ $60.00	+23.74%
4/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$52.00	+4.99%
4/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$58.00	+20.23%
2/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$54.00 ➝ $55.00	+10.53%
1/8/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$55.00	+9.47%
11/17/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$50.00	+4.08%
10/30/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform
9/22/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.00 ➝ $76.00	+42.48%
6/30/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates
3/6/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
2/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$67.00 ➝ $69.00	+35.91%
2/16/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$65.00 ➝ $66.00	+36.22%
2/16/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$61.00 ➝ $64.00	+32.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:33 AM ET.

Should I Buy Cisco Systems Stock? CSCO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 29, 2024. Please send any questions or comments about these Cisco Systems pros and cons to contact@marketbeat.com.

Cisco Systems
Bull Case

Here are some ways that investors could benefit from investing in Cisco:

Cisco's recent insider selling activities indicate confidence in the company's future prospects. This can be a positive signal for investors as insiders typically have a deep understanding of the company's performance and potential.
The stock price of Cisco has shown resilience and stability, trading at $49.80 on the NASDAQ exchange. This stability can provide a sense of security to investors looking for consistent performance.
Institutional investors, such as hedge funds, have been increasing their holdings in Cisco. This vote of confidence from institutional investors can signal long-term growth potential and stability for the company.
Cisco's P/E ratio of 16.77 indicates that the stock may be undervalued compared to its earnings, potentially offering investors an opportunity for capital appreciation as the market recognizes its true value.
The company's market capitalization of $200.63 billion reflects Cisco's strong position in the industry, providing investors with exposure to a well-established and reputable technology company.

Cisco Systems
Bear Case

Investors should be bearish about investing in Cisco for these reasons:

Analysts have issued mixed ratings on Cisco, with some recommending a hold or neutral stance. This uncertainty in analyst sentiment may lead to market volatility and could pose a risk to investors seeking clear guidance.
Cisco's PEG ratio of 3.87 suggests that the stock may be overvalued relative to its expected earnings growth. This could indicate limited upside potential for investors looking for high-growth opportunities.
The company's debt-to-equity ratio of 0.43 may raise concerns about Cisco's financial leverage and ability to manage debt obligations, potentially impacting shareholder returns and financial stability.
While the stock has a beta of 0.83, indicating lower volatility compared to the market, it may also imply slower price movements in response to market changes, potentially limiting short-term trading opportunities for investors.
Cisco's one-year high of $56.47 and one-year low of $44.50 suggest price volatility within the past year, which could present challenges for investors seeking consistent returns or stability in stock performance.

CSCO Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Cisco Systems is $55.00, with a high forecast of $60.00 and a low forecast of $49.00.
: 22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cisco Systems in the last year. There is currently 1 sell rating, 13 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSCO, but not buy additional shares or sell existing shares.
: According to analysts, Cisco Systems's stock has a predicted upside of 4.29% based on their 12-month stock forecasts.
: Over the previous 90 days, Cisco Systems's stock had 3 upgrades by analysts.
: Cisco Systems has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Evercore ISI, Hsbc Global Res, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Needham & Company LLC, New Street Research, Piper Sandler, and Rosenblatt Securities in the past 90 days.
: Analysts like Cisco Systems less than other "computer and technology" companies. The consensus rating for Cisco Systems is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CSCO compares to other companies.

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This page (NASDAQ:CSCO) was last updated on 10/1/2024 by MarketBeat.com Staff

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