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CSCOCisco Systems, Inc.
$112.90$445.0B
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Cisco Systems, Inc. (CSCO) Research Brief

Wall Street consensus, price target range, and equity research thesis

Buy73 Analyst Coverage
Consensus Target
$132+16.7% Upside
Current: $112.90
Analyst Range
Low $110High $150
12-Month High/Low Spread
Ratings Mix
38 Buy·34 Hold·1 Sell
Earnings & Valuation
EPS Beat 4.3%
Forward P/E: 26.4x

Executive Summary & Research Take

Wall Street currently rates CSCO buy with a 12-month price target of $132 (+16.7% upside). The sections below cover the bull case, key risks, and latest earnings context for Cisco Systems, Inc..

Recent Analyst Actions

CSCO Analyst Upgrades & Price Target Changes

3 of 3 analysts raised targets. Recent price target changes and ratings for CSCO.

Updated Jun 2026
FirmActionRatingPrice Target
Morgan StanleyRaisedOverweight$120$130
B of A SecuritiesRaisedBuy$135$150
B of A SecuritiesRaisedBuy$114$135

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Analyst Research Summary

Investment Thesis: Bull Case & Risk Factors

A structured look at the bull case, the risks, and the most recent earnings execution for CSCO.

Current setup

CSCO beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.

Bull Case

What keeps the long thesis intact

  • Strong Analyst SentimentAs of late April 2026, 16 analysts have a consensus rating of 'Buy,' with 44% recommending a 'Strong Buy' and 38% recommending 'Buy.'
  • AI and Networking DemandCisco expects over $3 billion in AI infrastructure revenues from hyperscalers in fiscal 2026, driven by strong demand in AI and campus refresh cycles.
  • Revenue Growth ForecastAnalysts forecast a 1-year revenue growth to $62.8 billion (6.35% increase) and a 3-year forecast of $68.4 billion (15.88% increase).
  • Attractive ValuationCisco's P/E ratio of 31.98x is considered cheap compared to the Communication Equipment sector average of 54.1x.
  • Consistent Dividend GrowthCisco has a history of increasing its dividends for 15 consecutive years.

Wall Street rates CSCO buy, giving the bull case institutional backing from 73 analysts.

Watch Out For

What can break the setup quickly

  • Valuation ConcernsA DCF analysis suggests Cisco could be overvalued, with fair value estimates around $57.52 and $59.92, indicating a -33.1% overvaluation from the recent closing price of $87.71.
  • Increased Debt LevelsThe acquisition of Splunk has tripled Cisco's debt, compressing free cash flow generation.
  • Margin Pressure RisksConcerns about gross margin compression due to component costs and product mix raise questions about Cisco's profitability.
  • Intense CompetitionCisco faces stiff competition from companies like Hewlett Packard Enterprise and Broadcom, which have outperformed Cisco in 12-month returns.
  • Insider Selling ActivityReports of insider selling by executives could signal a lack of confidence in Cisco's short-term performance.
  • Free Cash Flow ConcernsMonitoring free cash flow recovery to the $3-4 billion range is crucial to support the current capital return program.

Watch whether new negative commentary on CSCO points to these structural risks or is simply reacting to short-term price moves.

CSCO Earnings Reaction — What the Last Quarter Showed

Last Quarter

EPS
$1.22 vs $1.17 est.Beat 4.3%
Revenue
$17.3B vs $16.8B est.Beat 2.5%
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CSCO — Frequently Asked Questions

Quick answers to the most common questions about buying CSCO stock.

What is the analyst consensus on CSCO?
Verdict

CSCO has modest upside — analysts rate it "Buy" with a $132 target, implying +16.7% from today's $112.90. This is informational only — verify the data and consider your own risk tolerance before deciding.

What are recent analyst rating changes for CSCO?
Timing

Timing depends on your horizon, but the data signals are: consensus rating "Buy" with +16.7% upside to the $132 target. In the past 30 days, 3 of 3 covering analysts raised their price targets — a bullish signal.

What is the price target for CSCO stock?
Price Target

CSCO's consensus 12-month price target is $132, set by 73 Wall Street analysts. The bull case high is $150 and the bear case low is $110. From the current price of $112.90, this implies +16.7% upside.

Is CSCO overvalued or undervalued?
Valuation

CSCO appears undervalued — the $132 consensus target is +16.7% above today's $112.90. It trades at a forward P/E of 26.4x. Targets range from $110 (bear) to $150 (bull), reflecting different assumptions about growth and margins.

What were CSCO's latest earnings results?
Earnings

CSCO reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $132 target. Consider position sizing rather than going all-in pre-print.

What is the bull case for CSCO?
Coverage

Of 73 analysts covering Cisco Systems, Inc. (CSCO): 0 Strong Buy, 38 Buy, 34 Hold, 1 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $132 (range $110–$150). Bullish analysts outnumber bearish by more than 2-to-1.

What are the risks of investing in CSCO?
Risks

1 of the 73 analysts covering CSCO rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on Cisco Systems, Inc..

Financial Data & Software Notice: VCP Scanner is an educational financial research database and stock screening software platform. VCP Scanner does not generate, recommend, or package trade decisions, buy/sell signals, or personalized investment advice. Consensus ratings and price targets reflect aggregated third-party Wall Street analyst research from public SEC filings. See our Terms of Service and Privacy Policy.