In a report released today, Jayson Noland from Robert W. Baird reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO). The company’s shares closed yesterday at $33.82, close to its 52-week high of $34.60.
Noland commented:
“We continue to view Cisco as strategically well positioned relative to valuation and view Thursday downside as another buying opportunity .”
According to TipRanks.com, Noland is a 3-star analyst with an average return of 3.6% and a 46.8% success rate. Noland covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Riverbed Technology, and Palo Alto Networks.
Currently, the analyst consensus on Cisco Systems is Strong Buy and the average price target is $37.23, representing a 10.1% upside.
In a report issued on May 4, Oppenheimer also reiterated a Buy rating on the stock with a $36 price target.
The company has a one year high of $34.60 and a one year low of $27.13. Currently, Cisco Systems has an average volume of 17.68M.
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