This Is What Whales Are Betting On Cisco Systems
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Cisco Systems (NASDAQ:CSCO), with 72% of investors opening trades with bullish expectations and 27% with bearish. The whales have been targeting a price range from $47.5 to $62.5 for Cisco Systems over the last 3 months. The price of CSCO is up 0.19% at $53.89. JP Morgan upgraded its action to Overweight with a price target of $62, while Exane BNP Paribas downgraded its action to Underperform with a price target of $45.
August 14, 2023 | 4:16 pm
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POSITIVE IMPACT
Bullish stance by a significant investor on Cisco Systems. JP Morgan upgraded its action to Overweight with a price target of $62, while Exane BNP Paribas downgraded its action to Underperform with a price target of $45.
The bullish stance by a significant investor and the upgrade by JP Morgan to Overweight with a price target of $62 indicates a positive short-term impact on Cisco Systems. However, the downgrade by Exane BNP Paribas to Underperform with a price target of $45 could create some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100