Stock Market Update: Dow Gains as Trump Signs Government Reopening Bill; S&P 500 and Nasdaq Futures Decline—Walt Disney, Applied Materials, and Cisco Under Spotlight

Written by Emily J. Thompson, Senior Investment Analyst

CSCO-0.41%

DLO-3.28%

AMAT+0.55%

Source: Benzinga

Updated: Nov 13 2025

0mins

Source: Benzinga

Market Overview: U.S. stock futures showed mixed movements following a short-term funding bill signed by President Trump, ending the longest government shutdown. Major indices like the Dow Jones and S&P 500 experienced slight fluctuations in premarket trading.
Key Stock Performances: Cisco Systems saw a significant premarket increase of 7.04% after positive financial results, while Walt Disney and Applied Materials also showed gains ahead of their earnings reports. Conversely, SoundThinking and Dlocal faced declines due to disappointing financial outcomes.
Analyst Insights: BlackRock maintains an "overweight" view on U.S. equities, citing a softening labor market that may allow the Federal Reserve to cut interest rates, which could support stock performance, particularly in the AI sector.
Economic Data and Global Markets: Upcoming economic data releases, including CPI and jobless claims, will be delayed due to the government reopening. Meanwhile, global markets showed mixed results, with Asian markets generally closing higher and commodities like crude oil and gold experiencing slight fluctuations.

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CSCO

$78.64+Infinity%1D

Analyst Views on CSCO

Wall Street analysts forecast CSCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSCO is 89.36 USD with a low forecast of 76.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

14 Analyst Rating

10 Buy

4 Hold

0 Sell

Moderate Buy

Current: 78.960

Low

76.00

Averages

89.36

High

100.00

Current: 78.960

Low

76.00

Averages

89.36

High

100.00

Evercore ISI

Amit Daryanani

In Line -> Outperform

upgrade

$80 -> $100

2026-01-26

New

Reason

Evercore ISI

Amit Daryanani

Price Target

$80 -> $100

AI Analysis

2026-01-26

New

upgrade

In Line -> Outperform

Reason

Evercore ISI analyst Amit Daryanani upgraded Cisco to Outperform from In Line with a price target of $100, up from $80. While investors will debate if Cisco is cyclical or secular, the firm sees "plenty of tailwinds" to ensure Cisco can sustain high single-digit sales and low-teens EPS growth on a multi-year basis, including a campus refresh, AI momentum, the recovery in traditional enterprise and telco markets; and EBIT margin expansion. A resurgence in core Networking coupled with AI acceleration can enable EPS greater than $5.00 by FY27, the analyst tells investors.

Morgan Stanley

Overweight

maintain

$82 -> $91

2025-12-17

Reason

Morgan Stanley

Price Target

$82 -> $91

2025-12-17

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on Cisco to $91 from $82 and keeps an Overweight rating on the shares. The AI trade broadened out from semi names in 2025, helping infrastructure names, particularly within optical, notes the analyst, who believes that trade can continue, particularly in optical, through the first half of 2026. However, investors will "need to get more selective for full year returns given multiples," the analyst added in a year-ahead note on the group.

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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.