- The shares of Cisco Systems Inc (NASDAQ: CSCO) have received a price target of $70 by JPMorgan. These are the details.
The shares of Cisco Systems Inc (NASDAQ: CSCO) have received a price target of $70 by JPMorgan. And JPMorgan analyst Samik Chatterjee raised the price target from $67. Chatterjee is maintaining an “Overweight” rating on the company shares. Plus Chatterjee added Cisco to JPMorgan’s Analyst Focus List.
Chatterjee said that Cisco’s investor day had offered insights into the company’s next stage of transformation. This positions Cisco’s for solid sales growth.
Cisco is pursuing opportunities in expansion markets that will support growth materially higher than expectations heading into the event. And this will dispel investor perception of the company being levered to mature markets with limited growth.
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