Cisco's Price Target Raised to $120, Signaling 22% Upside
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 54 minutes ago
0mins
Should l Buy CSCO?
Source: stocktwits
- Price Target Increase: Cisco's (CSCO) price target has been raised to $120, indicating a nearly 22% upside from Monday's closing price of $98.7, reflecting analysts' optimistic outlook on the company's future performance.
- Positive Analyst Ratings: Among 26 analysts, 17 rated the stock as ‘buy’ and 9 as ‘hold’, showcasing market confidence in Cisco's upcoming earnings report, particularly given its track record of exceeding earnings and revenue expectations.
- Earnings Preview Optimism: Cisco is expected to report $15.82 billion in revenue and $1.07 earnings per share for Q3 2026, with analysts hopeful about its performance in cloud computing and AI infrastructure orders amid supply chain constraints.
- Strong Market Sentiment: Retail sentiment on Stocktwits is deemed “extremely bullish” with high message volumes, as investors widely believe that the company could reach $120 per share following a strong quarterly performance and robust guidance.
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Analyst Views on CSCO
Wall Street analysts forecast CSCO stock price to fall
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 96.570
Low
76.00
Averages
91.30
High
100.00
Current: 96.570
Low
76.00
Averages
91.30
High
100.00
About CSCO
Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings. Its Collaboration product category consists of its meetings, collaboration devices, calling, contact center and platform as a service (CPaaS) offering. Its Observability product category consists of its full stack observability offerings.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Price Target Increase: Cisco's (CSCO) price target has been raised to $120, indicating a nearly 22% upside from Monday's closing price of $98.7, reflecting analysts' optimistic outlook on the company's future performance.
- Positive Analyst Ratings: Among 26 analysts, 17 rated the stock as ‘buy’ and 9 as ‘hold’, showcasing market confidence in Cisco's upcoming earnings report, particularly given its track record of exceeding earnings and revenue expectations.
- Earnings Preview Optimism: Cisco is expected to report $15.82 billion in revenue and $1.07 earnings per share for Q3 2026, with analysts hopeful about its performance in cloud computing and AI infrastructure orders amid supply chain constraints.
- Strong Market Sentiment: Retail sentiment on Stocktwits is deemed “extremely bullish” with high message volumes, as investors widely believe that the company could reach $120 per share following a strong quarterly performance and robust guidance.
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- Stock Upside Potential: Cisco shares closed at $96.57 on Friday, with analyst Jay Woods suggesting a realistic upside target of $110 to $120 in the next quarter, indicating a potential rally of over 24%, reflecting optimistic market sentiment about its future performance.
- Earnings Outlook: Cisco is set to report earnings after Wednesday's close, and despite a 25% year-to-date increase, the stock fell 12% last quarter due to margin concerns, creating heightened anticipation among investors for the upcoming earnings report.
- Support Level Analysis: Woods noted that the $90 level would provide 'minor support' while $82 would serve as 'major support', offering a strategic entry point for potential investors, especially if the stock reacts excessively as it did last quarter.
- Market Sentiment Impact: With strong CPI and PPI data expected to be released, Woods believes this could keep the market running smoothly, further influencing Cisco and other stocks' performance, showcasing the overall market vitality.
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- Executive Delegation: President-elect Trump has invited top executives, including Tesla's Elon Musk and Apple's Tim Cook, to join his trip to China, aiming to enhance U.S.-China business cooperation through high-level engagement.
- Broad Agenda: The summit is expected to cover a wide range of topics, including trade, artificial intelligence, export controls, Taiwan, and the Iran war, indicating a desire to ease tensions through dialogue after recent escalations.
- Business Deal Expectations: Trump hopes to secure a series of business deals and purchase agreements during the visit, which, if successful, could enhance U.S. companies' competitiveness in the Chinese market and foster bilateral economic relations.
- Diverse Executive List: The delegation includes executives from various sectors, such as Stephen Schwarzman of Blackstone and Jane Fraser of Citigroup, reflecting U.S. companies' commitment to the Chinese market and willingness to collaborate.
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- Stock Price Surge: Cisco's shares have risen 15% over the past month, reflecting the company's successful pivot to software and cloud-based AI technologies, which is expected to positively impact its upcoming earnings report.
- Active Options Trading: By Friday noon, over 75,000 call options were traded for Cisco compared to only 16,000 puts, indicating strong investor sentiment and expectations for further stock price increases.
- Rising Implied Volatility: Cisco's implied volatility reached 47 on Friday, the highest in over a year, signaling increased market expectations for stock price fluctuations, particularly in the context of strong performance in the semiconductor sector.
- Retail Trader Interest: With rising call premiums, Cisco has become a favorite among retail traders, similar to Intel's strong performance prior to earnings, showcasing market confidence in Cisco's future growth prospects.
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- Pharmaceutical Stocks Rise: Pharmaceutical stocks are climbing amid the recent hantavirus outbreak, although officials state that the public health risk is low, indicating strong market confidence in the pharmaceutical sector, which may drive stock prices higher for related companies.
- Oil Price Fluctuations: Oil futures rose overnight following Trump's rejection of Iran's peace proposal, as investors worry that prolonged conflict will further strain crude supply, potentially leading to instability in the energy market and impacting the profitability of related firms.
- Google Stock Surge: Alphabet's stock has climbed over 160% in the past 12 months, making it the best-performing trillion-dollar U.S. tech company, reflecting strong market confidence in its artificial intelligence capabilities, which may attract more investor interest.
- Target's New Strategy: Target has rolled out
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- Pharmaceutical Stocks Rise: Pharmaceutical stocks are climbing due to the recent hantavirus outbreak, although officials state that the public health risk is low, indicating increased market confidence in the pharmaceutical sector, which may drive stock prices higher.
- Oil Price Fluctuations: Oil prices rose overnight following Trump's rejection of Iran's peace proposal, as investors worry that prolonged conflict will further strain crude supply, potentially leading to instability in the energy market and affecting operational costs for related companies.
- Tech Stock Performance: Alphabet's stock has surged over 160% in the past 12 months, making it the best-performing trillion-dollar U.S. tech company, reflecting strong market confidence in its artificial intelligence capabilities, which may attract more investor interest in its future growth.
- Retail Strategy Adjustment: Target has opened
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