Cisco Systems (CSCO) Stock Forecast & Price Target

$54.77

-0.82 (-1.48%)

(As of 10/31/2024 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

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
12

Buy
10

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 "Moderate Buy." Out of the 22 analysts, 12 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for CSCO.

Consensus Price Target

$56.74
3.59% Upside

According to the 22 analysts' twelve-month price targets for Cisco Systems, the average price target is $56.74. The highest price target for CSCO is $78.00, while the lowest price target for CSCO is $49.00. The average price target represents a forecasted upside of 3.59% from the current price of $54.77.

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CSCO Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	9 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$56.74	$55.00	$56.47	$59.58
Forecasted Upside	3.59% Upside	4.29% Upside	21.03% Upside	14.15% Upside
Consensus Rating	Moderate Buy	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	2.50	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	3.61% Upside	625.06% Upside	10.27% 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
10/16/2024	Citigroup 3 of 5 stars	A. Malik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$52.00 ➝ $62.00	+14.64%
10/14/2024	Tigress Financial 2 of 5 stars	I. Feinseth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$76.00 ➝ $78.00	+43.86%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/16/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
Get the Latest News and Ratings for CSCO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cisco Systems and its competitors with MarketBeat's FREE daily newsletter.
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%
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%
4/9/2024	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
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 Thursday at 07:54 PM 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 Wednesday, October 23, 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 stock price has shown stability and growth, indicating a positive trend for potential investors.
Cisco's strategic acquisitions and partnerships have expanded its market reach and product offerings, enhancing its competitive position.
The company's consistent dividend payments provide a reliable income stream for investors seeking dividends.
Cisco's strong presence in the networking and cybersecurity sectors positions it well to capitalize on the increasing demand for digital infrastructure and security solutions.
Recent analyst ratings and price targets suggest a positive outlook for Cisco's stock performance, providing confidence to investors.

Cisco Systems
Bear Case

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

Cisco faces intense competition in the networking and technology industry, which could impact its market share and profitability.
The company's heavy reliance on global economic conditions exposes it to risks associated with economic downturns and geopolitical uncertainties.
Ongoing changes in technology trends and customer preferences may require Cisco to continuously innovate and adapt, posing challenges to sustained growth.
Fluctuations in raw material prices and supply chain disruptions could affect Cisco's production costs and margins, impacting its financial performance.
Market volatility and macroeconomic factors could influence investor sentiment towards Cisco's stock, leading to potential price fluctuations.

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 $56.74, with a high forecast of $78.00 and a low forecast of $49.00.
: 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cisco Systems in the last year. There are currently 12 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CSCO shares.
: According to analysts, Cisco Systems's stock has a predicted upside of 3.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Cisco Systems's stock had 4 upgrades by analysts.
: Cisco Systems has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Hsbc Global Res, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Needham & Company LLC, New Street Research, Piper Sandler, Rosenblatt Securities, and Tigress Financial in the past 90 days.
: Analysts like Cisco Systems less than other "computer and technology" companies. The consensus rating score for Cisco Systems is 2.50 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how CSCO compares to other companies.

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This page (NASDAQ:CSCO) was last updated on 10/31/2024 by MarketBeat.com Staff

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Cisco Systems (CSCO) Stock Forecast & Price Target