Wells Fargo & Company Forecasts Strong Price Appreciation for Cisco Systems (NASDAQ:CSCO) Stock

Cisco Systems (NASDAQ:CSCO) had its price target lifted by analysts at Wells Fargo & Company from $95.00 to $130.00 in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the network equipment provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.97% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. CICC Research increased their price target on Cisco Systems from $84.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price target on shares of Cisco Systems in a research report on Thursday, February 12th. Morgan Stanley increased their price target on Cisco Systems from $91.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial assumed coverage on Cisco Systems in a research report on Tuesday, March 31st. They set a “buy” rating and a $94.00 price target on the stock. Finally, Evercore raised their target price on Cisco Systems from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.55.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $118.21 on Thursday. The company has a market capitalization of $466.92 billion, a P/E ratio of 38.38, a P/E/G ratio of 4.34 and a beta of 0.92. The business’s 50 day moving average is $85.41 and its two-hundred day moving average is $79.95. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. Cisco Systems has a 12-month low of $62.30 and a 12-month high of $119.36.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.Cisco Systems’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Analysts expect that Cisco Systems will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,981 shares of Cisco Systems stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total transaction of $634,489.50. Following the sale, the executive vice president owned 187,097 shares of the company’s stock, valued at $14,874,211.50. The trade was a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 3,132 shares of Cisco Systems stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the sale, the executive vice president directly owned 188,613 shares in the company, valued at approximately $15,040,000.62. This trade represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 15,587 shares of company stock worth $1,230,765. Company insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Cisco Systems

Institutional investors have recently added to or reduced their stakes in the stock. Intesa Sanpaolo Wealth Management purchased a new position in Cisco Systems during the fourth quarter worth approximately $25,000. MidAtlantic Capital Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth approximately $25,000. Networth Advisors LLC lifted its position in Cisco Systems by 276.4% during the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after buying an additional 246 shares in the last quarter. Manning & Napier Advisors LLC lifted its position in Cisco Systems by 137.0% during the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Finally, Financial Life Planners purchased a new position in Cisco Systems during the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems News Roundup

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco reported stronger-than-expected Q3 earnings and revenue, with EPS of $1.06 topping estimates and sales of $15.84 billion above forecasts. Article title
• Positive Sentiment: The company raised full-year guidance and pointed to roughly $9 billion in fiscal 2026 hyperscaler AI infrastructure orders, reinforcing the view that Cisco is becoming a key AI infrastructure beneficiary. Article title
• Positive Sentiment: Multiple firms raised price targets after the earnings beat, including HSBC, Evercore, Piper Sandler, KeyCorp, Morgan Stanley, UBS, BNP Paribas, Wells Fargo and Citigroup, signaling broad Wall Street optimism. Article title
• Positive Sentiment: Cisco’s CEO said AI will force a “multi-billion dollar infrastructure reset,” which supports the bullish narrative that the company is at the center of a long upgrade cycle. Article title
• Neutral Sentiment: Cisco also announced plans to cut about 4,000 jobs as it reshapes spending toward AI, which may improve efficiency but adds some execution risk. Article title
• Neutral Sentiment: Some commentary warns that the stock’s rapid rally has pushed valuation higher, and options activity shows elevated volatility expectations heading into the next phase. Article title

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.