Key Highlights:
- Evercore reinforces an "Outperform" rating for Cisco Systems, projecting robust progress in its Networking division.
- Despite a CFO transition, Cisco's core networking is poised for resurgence, aiming to boost EPS above $4.50.
- Analysts give Cisco a one-year price target averaging $70.07, implying a potential upside of 6.31%.
Cisco Systems' Prospects in Networking
Evercore continues to endorse Cisco Systems (CSCO, Financial) with an "Outperform" rating, setting a target price of $72. This optimistic outlook centers on Cisco's ability to navigate its way through a challenging environment, including a key CFO transition. The focus remains on the Networking segment, where analysts foresee significant growth. As Cisco aims to elevate its earnings per share (EPS) beyond the $4.50 mark, the potential for future stock appreciation looms large.
Wall Street Analysts' Forecasts
Analyzing the one-year price targets from 18 analysts, the average anticipated price for Cisco Systems Inc (CSCO, Financial) stands at $70.07. This projection ranges from a high of $80.00 to a low of $59.22. The average target suggests a potential upside of 6.31% from the current price of $65.91. For a deeper dive into these estimates, you can visit the Cisco Systems Inc (CSCO) Forecast page.
The consensus among 24 brokerage firms rates Cisco Systems Inc (CSCO, Financial) at 2.1, which translates to an "Outperform" status. This rating is scaled between 1 and 5, where 1 represents a Strong Buy and 5 indicates a Sell.
Evaluating Cisco's GF Value
GuruFocus places the estimated GF Value for Cisco Systems Inc (CSCO, Financial) at $56.43 within a year. This estimation hints at a 14.38% downside from the current price of $65.91. The GF Value represents GuruFocus' fair value estimation for a stock, calculated by considering historical multiples, past business growth, and predicted future performance metrics. For additional insights, refer to the Cisco Systems Inc (CSCO) Summary page.
