Cisco Stock Falls as Piper Sandler Cuts Price Target Over Growth Concerns

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Cisco Stock Falls as Piper Sandler Cuts Price Target Over Growth Concerns

By Aditya Raghunath
Publication Date: 2026-09-23 12:37:00

Cisco Stock Falls as Piper Sandler Cuts Price Target Over Growth Concerns ©@alexsl from Getty Images Signature via Canva, @kutubQ from Getty Images Signature via Canva

Key Stats for Cisco Stock

  • Price change for Cisco stock in last 6 months: 35%

  • $CSCO Stock Price as of Sep. 22: $106

  • 52-Week High: $130

  • $CSCO Stock Price Target: $137

What Happened?

Cisco (CSCO) stock dropped almost 5% on Tuesday after Piper Sandler cut its price target on the networking company to $125 from $132.

The firm’s analysts pointed to lower price-to-earnings multiple expectations, driven by worries that growth across the networking industry may be peaking.

The move comes despite the stock’s strong run. Shares hit a record high back in June and are up 57% over the past 12 months, fueled by revenue growth tied to the AI boom.

Cisco stock closed at $106.44 on Tuesday.

Just last month, Cisco posted a…

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