Cisco Systems (NASDAQ:CSCO) had its price target upped by Wunderlich from $26.00 to $28.00 in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a buy rating on the stock.
Shares of Cisco Systems (NASDAQ: CSCO) opened at 25.50 on Wednesday. Cisco Systems has a 52 week low of $15.30 and a 52 week high of $26.15. The stock’s 50-day moving average is currently $24.87. The company has a market cap of $136.3 billion and a P/E ratio of 14.17.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets reiterated a market perform rating on shares of Cisco Systems in a research note to investors on Tuesday, July 2nd. They now have a $19.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Cisco Systems from a hold rating to a buy rating in a research note to investors on Monday, July 1st. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Cisco Systems in a research note to investors on Monday, July 1st. They now have a $26.00 price target on the stock, up previously from $25.00.
Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $25.37.
Cisco Systems, Inc designs, manufactures, and sells Internet protocol (NASDAQ: CSCO)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.