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Cisco Systems (CSCO) Stock Forecast & Price Target

$47.38
+0.62 (+1.33%)
(As of 07/12/2024 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

Consensus Price Target

$56.47
19.19% Upside
High Forecast$76.00
Average Forecast$56.47
Low Forecast$50.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
11 Buy rating(s)
Hold
14 Hold rating(s)
14 Hold rating(s)
13 Hold rating(s)
11 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$56.47$56.47$56.03$57.19
Forecasted Upside19.19% Upside13.56% Upside10.20% Upside17.01% Upside
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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.
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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.
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Cisco Systems Stock vs. The Competition

TypeCisco SystemsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.24
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside19.19% Upside299.60% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/10/2024Needham & Company LLC
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 Reiterated RatingHold
6/5/2024Piper Sandler
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 Reiterated RatingNeutral ➝ Neutral$52.00 ➝ $52.00+12.97%
5/17/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$48.00 ➝ $50.00+3.69%
5/16/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$52.00 ➝ $57.00+16.68%
5/16/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$54.00 ➝ $58.00+17.86%
5/13/2024BNP Paribas
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K. Ackerman
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UpgradeUnderperform ➝ Neutral$50.00+4.04%
4/22/2024JPMorgan Chase & Co.
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 Initiated CoverageNeutral$62.00 ➝ $53.00+9.69%
4/15/2024Bank of America
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 UpgradeNeutral ➝ Buy$55.00 ➝ $60.00+23.74%
4/12/2024Citigroup
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 Initiated CoverageNeutral$52.00+4.99%
4/9/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$51.00 ➝ $52.00+7.79%
4/9/2024Morgan Stanley
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 Initiated CoverageOverweight$58.00+20.23%
2/12/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$54.00 ➝ $55.00+10.53%
1/8/2024Melius Research
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 Reiterated RatingBuy ➝ Hold$55.00+9.47%
11/17/2023DZ Bank
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 DowngradeBuy ➝ Hold$50.00+4.08%
11/16/2023New Street Research
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 DowngradeBuy ➝ Neutral
11/16/2023Rosenblatt Securities
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 Lower TargetNeutral ➝ Neutral$59.00 ➝ $51.00-4.28%
10/30/2023Raymond James
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 DowngradeMarket Perform ➝ Underperform
9/22/2023Tigress Financial
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 Boost TargetBuy ➝ Buy$73.00 ➝ $76.00+42.48%
8/17/2023Evercore ISI
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 Boost TargetOutperform ➝ Outperform$60.00 ➝ $63.00+18.96%
8/17/2023Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$54.00 ➝ $59.50+12.35%
6/30/202351job
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 Reiterated RatingInitiates
3/6/2023The Goldman Sachs Group
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 Initiated CoverageNeutral
2/16/2023Credit Suisse Group
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 Boost TargetOutperform$67.00 ➝ $69.00+35.91%
2/16/2023Loop Capital
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 Boost TargetBuy$65.00 ➝ $66.00+36.22%
2/16/2023Cowen
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 Boost TargetOutperform$61.00 ➝ $64.00+32.09%
8/31/2022KGI Securities
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 UpgradeNeutral ➝ Outperform
8/18/2022Cowen
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 Boost TargetOutperform$58.00 ➝ $60.00+28.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:00 PM ET.

CSCO Forecast - Frequently Asked Questions

What is Cisco Systems' forecast for 2024?

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Cisco Systems is $56.47, with a high forecast of $76.00 and a low forecast of $50.00.

Should I buy or sell Cisco Systems stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cisco Systems in the last twelve months. There is currently 1 sell rating, 14 hold ratings and 6 buy ratings 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.

Does Cisco Systems's stock price have much upside?

According to analysts, Cisco Systems's stock has a predicted upside of 13.56% based on their 12-month stock forecasts.

Has Cisco Systems been upgraded by Wall Street analysts recently?

Over the previous 90 days, Cisco Systems's stock had 2 upgrades by analysts.

What analysts cover Cisco Systems?

Cisco Systems has been rated by research analysts at Bank of America, Barclays, BNP Paribas, JPMorgan Chase & Co., Needham & Company LLC, Oppenheimer, Piper Sandler, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Cisco Systems more than its competitors?

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.


This page (NASDAQ:CSCO) was last updated on 7/13/2024 by MarketBeat.com Staff

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