Cisco To Rise Another 6%, Vetr Crowd Says

Shares of Cisco Systems, Inc. CSCO have had a relatively good year, gaining almost 16 percent over the past six months.

The Vetr crowd seems to believe Cisco will return to its run-up, as evidenced by its average price target of $33.45. This target implies a potential return of almost 6 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr crowd decided to upgrade its rating on shares of Cisco on Thursday, from 3.0 stars (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 55 percent of the crowd’s ratings are bullish at the time.