Wall Street Sees 16% Upside in Cisco (CSCO) Despite Recent 9.4% Selloff

Cisco Systems (NASDAQ: CSCO) has dropped 9.4% over the past week. That’s seven times worse than the S&P 500’s 1.28% decline over the same period. Yet Wall Street analysts still see the stock climbing to an average target of $88.81, implying roughly 16% upside from current levels. The question: is this a buying opportunity or are analysts missing something the market already knows?

What makes this selloff unusual is that Cisco actually beat earnings expectations. The company reported $1.04 per share on February 10, topping the consensus estimate of $1.02. Revenue came in at $15.35 billion, up 8.5% year-over-year, though it did miss the Street’s $15.42 billion target by a hair. Management raised full-year guidance and highlighted $2.1 billion in AI infrastructure orders from hyperscalers. By traditional metrics, this was a solid quarter.

Record Earnings Met With a Shrug

So why did the stock crater? The answer appears to be a…