A Glimpse Into The Expert Outlook On Cisco Systems Through 7 Analysts
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Cisco Systems (NASDAQ:CSCO), with recent ratings ranging from bullish to bearish. The average 12-month price target for CSCO has increased to $52.57, up 6.2% from the previous target of $49.50. Key analysts from firms like Citigroup, Morgan Stanley, and Deutsche Bank have updated their ratings and price targets, reflecting a nuanced view of the company's market position and financial health. Despite a -5.89% revenue decline as of January 31, 2024, Cisco's strong net margin and ROE indicate solid financial performance.
April 12, 2024 | 12:00 pm
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Cisco Systems has received a range of analyst ratings, with an updated average 12-month price target of $52.57. Despite a recent revenue decline, the company's strong net margin and ROE suggest robust financial health.
The increase in the average price target to $52.57, up from $49.50, indicates a positive outlook from analysts, suggesting potential upside for CSCO's stock price in the short term. The mixed ratings reflect uncertainty, but the overall positive adjustment in price targets and Cisco's solid financial indicators, such as net margin and ROE, support a likely positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100