JPMorgan has revised its price target for Cisco Systems (CSCO, Financial), reducing it from $73 to $70, while maintaining an Overweight rating on the stock. This adjustment comes as the firm updates its hardware and networking models to better account for the impact of prevailing macroeconomic uncertainties, including those related to tariffs.
The bank's forecasts now incorporate expectations of a broader economic slowdown, which is anticipated to dampen demand across various customer sectors. According to the analyst's updated outlook, both consumer and enterprise demand, alongside telecom sector needs, are likely to experience a reduction in the coming periods.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Cisco Systems Inc (CSCO, Financial) is $69.14 with a high estimate of $80.00 and a low estimate of $55.43. The average target implies an upside of 24.00% from the current price of $55.76. More detailed estimate data can be found on the Cisco Systems Inc (CSCO) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Cisco Systems Inc's (CSCO, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cisco Systems Inc (CSCO, Financial) in one year is $55.37, suggesting a downside of 0.7% from the current price of $55.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cisco Systems Inc (CSCO) Summary page.
