CICC Research Forecasts Strong Price Appreciation for Cisco Systems (NASDAQ:CSCO) Stock

Market Beat
2026.05.18 14:44
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CICC Research has raised its price target for Cisco Systems (NASDAQ:CSCO) from $96.00 to $125.00, maintaining an 'outperform' rating. This suggests a potential upside of 6.79% from the current price. Other analysts have also adjusted their targets, with a consensus rating of 'Moderate Buy' and an average target price of $115.86. Cisco's stock recently traded at $117.05, down 1.0%. The company reported strong quarterly earnings, exceeding expectations with $1.06 EPS and $15.84 billion in revenue.