Barclays analyst Tim Long maintained a Buy rating on Cisco Systems (CSCO) yesterday and set a price target of $50.00. The company’s shares closed last Monday at $40.58.
According to TipRanks.com, Long is a 5-star analyst with an average return of 15.5% and a 59.8% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.
Cisco Systems has an analyst consensus of Moderate Buy, with a price target consensus of $48.14, which is a 26.8% upside from current levels. In a report issued on March 12, Robert W. Baird also maintained a Buy rating on the stock with a $49.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $58.26 and a one-year low of $32.40. Currently, Cisco Systems has an average volume of 29.64M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.
