By Rafael Müller
Publication Date: 2026-09-25 12:59:00
Cisco Systems stock (ISIN US17275R1023) stood at USD 106.43 on Nasdaq at the September 24, 2026 close. On September 22, Piper Sandler cut its price target from USD 132 to USD 125, citing lower valuation multiples and concerns that industry growth may be peaking, as CNBC reported.
Piper Sandler cuts target
The revised target remains above Cisco’s September 24 closing price, while the stock’s 52-week range is USD 66.81 to USD 130.37. Cisco’s market capitalization was USD 421,615,266,115 on September 25, 2026, placing the share price below its yearly high but well above its yearly low.
MarketBeat reported on September 22, 2026, that Piper Sandler retained a neutral rating alongside the lower target. The change gives investors a concrete counterpoint to the broader analyst average target of USD 129.36 cited in the same report.
Fiscal Q4 beat estimates
Cisco’s fiscal fourth quarter of 2026 delivered adjusted earnings per share of USD 1.22, compared with a consensus estimate of USD 1.17….
