Piper Sandler Lowers Cisco Price Target Amid Growth Peak Concerns
On September 23, 2026, Piper Sandler analyst James Fish reduced the price target for Cisco (CSCO) to $125 from $132 while maintaining a Neutral rating. The adjustment was based on concerns that the networking industry may be nearing its growth peak and lower P/E multiple assumptions. Despite this move, Cisco stock still holds a consensus Buy rating with an average analyst price target of $133.86. Cisco recently reported strong fiscal 2026 results, including revenue of $63.3 billion (up 12%) and GAAP net income of $13.3 billion. The company projected $72.2–$73.4 billion in FY2027 revenue, implying nearly 15% growth. However, some analysts remain skeptical about whether underlying sales will sustain such momentum. Cisco CEO Chuck Robbins acknowledged the cautious guidance but emphasized confidence in market demand and infrastructure buildouts driven by hyperscalers like cloud platforms.
Tickers: $CSCO
Topics: Cisco Networking Industry Growth Piper Sandler Stock Price Target Cut