BMO Capital analyst Tim Long assigned a Hold rating to Cisco (NASDAQ: CSCO) yesterday and set a price target of $43. The company’s shares opened today at $43.13.
According to TipRanks.com, Long is a 5-star analyst with an average return of 21.0% and a 68.1% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.
Currently, the analyst consensus on Cisco is Strong Buy and the average price target is $50.62, representing a 17.4% upside.
In a report issued on May 9, Credit Suisse also initiated coverage with a Hold rating on the stock with a $41 price target.
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The company has a one-year high of $46.37 and a one-year low of $30.36. Currently, Cisco has an average volume of 25.24M.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
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