Cisco Systems (NASDAQ:CSCO) Given New $120.00 Price Target at Citigroup

Posted by George Bondi on Nov 13th, 2026

Cisco Systems (NASDAQ:CSCO – Get Free Report) had its target price reduced by Citigroup from $139.00 to $120.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the network equipment provider’s stock. Citigroup‘s target price would indicate a potential upside of 25.47% from the stock’s previous close.

CSCO has been the topic of several other research reports. Wall Street Zen cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. KeyCorp upped their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Truist Financial cut their target price on shares of Cisco Systems from $140.00 to $127.00 and set a “buy” rating for the company in a research note on Friday. Barclays reduced their price target on shares of Cisco Systems from $123.00 to $109.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $112.00 price target (down from $125.00) on shares of Cisco Systems in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Check Out Our Latest Research Report on Cisco Systems

Cisco Systems Price Performance

Shares of CSCO stock traded down $6.37 on Friday, hitting $95.64. 28,372,305 shares of the stock traded hands, compared to its average volume of 22,044,166. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems has a 52 week low of $72.80 and a 52 week high of $130.37. The firm has a 50 day simple moving average of $108.02 and a two-hundred day simple moving average of $102.13. The firm has a market cap of $377.07 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 2.07 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings results on Thursday, November 12th. The network equipment provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business had revenue of $18.52 billion during the quarter, compared to analyst estimates of $18.12 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Cisco Systems has set its Q2 2027 guidance at 1.340-1.360 EPS and its FY 2027 guidance at 5.470-5.530 EPS. As a group, equities research analysts predict that Cisco Systems will post 4.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Oliver Tuszik sold 680 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the transaction, the executive vice president directly owned 163,337 shares in the company, valued at approximately $17,996,470.66. This represents a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 312 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $34,376.16. Following the completion of the transaction, the executive vice president directly owned 127,661 shares of the company’s stock, valued at approximately $14,065,688.98. This trade represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,824 shares of company stock worth $759,392. Corporate insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On Cisco Systems

A number of hedge funds have recently bought and sold shares of CSCO. Bridgewater Advisors Inc. bought a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $6,442,000. Beacon Pointe Advisors LLC bought a new stake in Cisco Systems in the second quarter worth $60,009,000. Western Wealth Management LLC lifted its position in Cisco Systems by 60.5% in the first quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider’s stock worth $5,926,000 after buying an additional 28,792 shares during the last quarter. ABN AMRO Bank N.V. purchased a new position in Cisco Systems during the second quarter worth $19,114,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Cisco Systems by 24.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 363,506 shares of the network equipment provider’s stock worth $47,287,000 after buying an additional 71,774 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Recent Cisco Systems Headlines

Here are a few of the latest headlines about CSCO:

Neutral Sentiment: CEO Chuck Robbins said the sequential decline in the second-quarter revenue outlook reflects normal seasonality rather than weakening demand. Cisco CEO on revenue guidance
Negative Sentiment: Product orders rose 21% but fell short of expectations and slowed from the prior period, raising questions about demand momentum. Non-GAAP gross margin also declined 2.5 percentage points, with AI-related product mix and higher hardware and memory costs weighing on profitability. Cisco Stocks Fall as AI Networking Mix Squeezes Gross Margins
Negative Sentiment: Several analysts lowered their price targets after the results, reflecting caution about orders and margins, even as some retained positive or neutral ratings. Cisco earnings beat and analyst target cut

About Cisco Systems

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Cisco Systems, Inc. develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks. The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.