Cisco: Cisco price target lowered to $60 from $72 at Piper Sandler

Piper Sandler analyst James Fish lowered the firm's price target on Cisco ( CSCO ) to $60 from $72 and keeps a Neutral rating on the shares. Following its Q1 2025 on-calendar infrastructure checks, the firm is broadly reducing its estimates and price targets throughout the space given underlying macro-pressures that is seeing sales cycles extend. Piper is lowering its new-business and expansionary assumptions across the group, but FX headwinds have largely reversed. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>>