Global Finance News
22 Sep 2026, 17:51
# Cisco Stock Falls 5.8% as Piper Sandler Cuts Price Target to $125
Cisco shares fell 5.8% to $104.97 after Piper Sandler lowered its price target on the networking company to $125 from $132 while maintaining a Neutral rating.
The revised target still implies roughly 19% upside from the latest share price, but the lower target reflects a more cautious view on Cisco’s near-term valuation and earnings potential.
Reasons behind the weakness might include concerns around enterprise networking demand and uncertainty over how quickly AI-related infrastructure investments will translate into stronger growth for Cisco’s core businesses.
Cisco continues to benefit from exposure to data-center networking, security, observability and AI infrastructure, but investors may be weighing those opportunities against softer traditional networking demand and a more demanding valuation backdrop.
The 5.8% decline suggests the lower target added to broader caution around the stock, even though Piper Sandler kept its Neutral stance.
Cisco shares fell 5.8% to $104.97 after Piper Sandler lowered its price target on the networking company to $125 from $132 while maintaining a Neutral rating.
The revised target still implies roughly 19% upside from the latest share price, but the lower target reflects a more cautious view on Cisco’s near-term valuation and earnings potential.
Reasons behind the weakness might include concerns around enterprise networking demand and uncertainty over how quickly AI-related infrastructure investments will translate into stronger growth for Cisco’s core businesses.
Cisco continues to benefit from exposure to data-center networking, security, observability and AI infrastructure, but investors may be weighing those opportunities against softer traditional networking demand and a more demanding valuation backdrop.
The 5.8% decline suggests the lower target added to broader caution around the stock, even though Piper Sandler kept its Neutral stance.
