Cisco Stock Sinks 5% After Piper Sandler Cuts Price Target on Growth Concerns

Cisco stock sinks 5% after Piper Sandler cuts price target on growth concerns

Cisco stock hit a record over the summer, but Piper Sandler analysts expressed concerns that growth is peaking in the industry.

Cisco Stock Falls as Piper Sandler Cuts Price Target - Cisco Systems (NASDAQ:CSCO)

Cisco Systems shares are trading lower Tuesday after Piper Sandler lowered its price target on the stock while maintaining a Neutral rating.

Cisco Shares Fall 5% as Piper Sandler Trims Target Over Growth Concerns

Concerns over slowing expansion across the networking industry triggered a 5% sell-off in Cisco Systems shares Tuesday following an analyst price target reduction. ​Investment firm Piper Sandler lowered its price target on Cisco to $125 per share from $132, keeping a neutral stance on the company. The decision stems from lowered price-to-earnings valuation expectations, driven […]