In a report released today, Sami Badri from Credit Suisse maintained a Hold rating on Cisco (NASDAQ: CSCO), with a price target of $43. The company’s shares closed yesterday at $43.86, close to its 52-week high of $46.37.
According to TipRanks.com, Badri is a 1-star analyst with an average return of -5.3% and a 50.0% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, CommScope Holding, and Ubiquiti Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco with a $52 average price target, a 18.6% upside from current levels. In a report issued on August 14, JMP Securities also reiterated a Hold rating on the stock.
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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 21.36M.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock.
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