This Is What Whales Are Betting On Cisco Systems
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 60% of recent trades being bearish and 40% bullish. The price target for Cisco Systems over the last 3 months has been between $52.5 and $57.5. Exane BNP Paribas and B of A Securities have downgraded their ratings to Underperform and Neutral respectively, while JP Morgan has upgraded its rating to Overweight.
August 04, 2023 | 12:09 pm
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Cisco Systems has seen a bearish stance from a significant investor, with a price target between $52.5 and $57.5. Analyst ratings are mixed, with downgrades from Exane BNP Paribas and B of A Securities, and an upgrade from JP Morgan.
The bearish stance from a significant investor, along with the mixed analyst ratings, could lead to uncertainty and potential downward pressure on Cisco Systems' stock price in the short term.
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