HSBC on Friday downgraded Cisco Systems Inc (NASDAQ:CSCO) to Hold from Buy on elevated valuation and slowing business momentum, and cut its price target to $69 from $73.

A recommendation downgrade from a global bank was the development pushing down Cisco Systems ( CSCO -4.49%) stock on Friday.

Shares of Cisco Systems' (NASDAQ:CSCO) fell about 2% on Friday after HSBC downgraded its rating to Hold from from Buy, citing valuation and business momentum. The firm also cut its price target on ...

Cisco Systems’ shares fell more than 2% on Friday after HSBC downgraded the networking equipment maker from “buy” to “hold”, ...

Fintel reports that on August 16, 2024, HSBC upgraded their outlook for Cisco Systems (NasdaqGS:CSCO) from Hold to Buy. As of August 6, 2024, the average one-year price target for Cisco Systems is ...

Analysts at HSBC expect Cisco's non-GAAP EPS to rise at a Compound annual growth rate, or CAGR, of 11.6% over CY24-27. For fiscal 2025, HSBC expects non-GAAP EPS of $3.86, ahead of company ...

HSBC's forecast for fiscal year 2025 expects non-GAAP EPS to be $3.86, surpassing both the company's guidance of $3.55 and the consensus estimate of $3.57. The analyst from HSBC predicts that Cisco's ...

HSBC also upgraded Cisco to Buy, raising its price target to $58 from $46. It expects Cisco’s earnings to grow at an annual rate of 11.6% over the next few years.

HSBC has upgraded Cisco Systems Inc. (NASDAQ: NASDAQ:CSCO) stock from Hold to Buy, significantly raising the price target to $58 from the previous $46 as the firm anticipates a compound annual ...