Cisco Systems (NASDAQ:CSCO) Given "Hold" Rating at HSBC

Market Beat
2025.08.16 12:58
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HSBC has restated a "hold" rating for Cisco Systems (NASDAQ:CSCO) with a price target of $69.00, indicating a potential downside of 0.43%. Other analysts have varied opinions, with New Street Research at $70.00, Evercore ISI at $74.00, and Bank of America raising their target to $85.00. Cisco's stock opened at $69.30, with a market cap of $274.43 billion and a P/E ratio of 26.45. The company reported earnings of $0.99 per share, beating estimates, and a revenue increase of 7.6% year-over-year.