GoKawiilPiper Sandler cuts Cisco price target to $125, shares fall 5%
Piper Sandler lowered its price target on Cisco Systems to $125 from $132, citing a lower price-to-earnings multiple assumption amid worries that networking-industry growth is peaking. Cisco shares fell about 5% on the news. The stock had hit a record high in June and remains up roughly 56% over the past year, helped by revenue growth tied to AI demand, including a fourth-quarter earnings beat last month with $17.25 billion in revenue versus a $16.8 billion estimate.
GoKawiil's interpretation of the reporting above, not reported fact.
The price-target cut suggests some analysts believe the AI-driven rally in networking stocks may be losing steam even as Cisco's actual results remain strong, highlighting a gap between near-term fundamentals and valuation expectations. This could signal broader caution from Wall Street about how long AI infrastructure spending will sustain premium multiples across the sector.
- Piper Sandler cut Cisco's price target to $125 from $132, citing multiple compression concerns.
- Cisco shares fell about 5% following the downgrade despite recent strong earnings.
- Cisco stock is still up around 56% over the past year on AI-driven demand.
Source: cnbc.com — Isabel O'Brien, 2026-09-22
Published there as: “Cisco stock sinks 5% after Piper Sandler cuts price target on growth concerns”
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