Cisco Systems, Inc. (CSCO) is currently trading near its Fibonacci pivot point of $61.19, with resistance levels at $62.90 and $63.95, and support levels at $59.49 and $58.44. The stock's Relative Strength Index (RSI) is at 37.02 (RSI_6), indicating that the stock may be oversold and due for a potential rebound.
Cisco has shown strong fundamentals, with a 9% year-over-year increase in revenue and a positive earnings surprise. The company has also raised its full-year revenue and EPS guidance, signaling confidence in its future performance. Additionally, Cisco's partnership with NVIDIA to develop a secure AI factory architecture positions it well in the growing AI market.
Recent news highlights Cisco's strong position in the AI market and its strategic partnerships. Analysts have upgraded their ratings and price targets for Cisco, with a consensus "Moderate Buy" rating and a mean target price of $122.98, suggesting a potential upside of 32.2% from current levels.
Based on the analysis, Cisco's stock is expected to rise in the next trading week, with a target price range of $61.50 to $62.50. The combination of strong fundamentals, positive news sentiment, and oversold technical indicators suggests a buy recommendation.
Prediction: The stock price of CSCO is expected to rise to $61.50 - $62.50 next week. Buy.
The price of CSCO is predicted to go up 1.37%, based on the high correlation periods with PXS. The similarity of these two price pattern on the periods is 98.07%.
CSCO
PXS
Year
CSCO Price Forecast($)
Potential Return(%)
2025
65.000
10.430
2026
72.000
12.310
2027
75.000
16.990
2028
85.000
32.580
2029
85.000
32.580
2030
123.000
91.860
Cisco holds dominant market shares across networking, and leading shares in areas like switching software and software-defined wide-area networking, or SD-WAN, bode well for its position in the next era.
We view Cisco's shift toward a higher mix of software and subscription-based consumption models as positive.
Cisco's balance sheet is strong and it generates impressive free cash flow. It is shareholder-friendly and sends most of its free cash flow back to shareholders.
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