Cisco Shares Give Up Gains After Investor Day Leaves Wall Street Analysts Divided - Cisco Systems (NASDAQ:CSCO)

Cisco Systems Inc's CSCO Investor Day presentations had the Wall Street analysts divided on opinions. Credit Suisse analyst Sami Badri upgraded to Outperform from Neutral with a price target of $74, up from $56, implying a 28.6% upside, following updated TAMs and new guidance through FY25.
JPMorgan analyst Samik Chatterjee raised the PT to $70 from $67, indicating a 21.6% upside, and maintained an Overweight adding it to JPMorgan's Analyst Focus List.
Baird analyst Jonathan Ruykhaver raised the PT to $62 from $58, suggesting a 7.7% upside, and affirmed a Neutral.
Raymond James analyst Simon Leopold raised the PT to $64 from $57, implying an 11.2% upside, and reiterated an Outperform.
Jefferies analyst George Notter raised the PT to $65 from $63, indicating a 12.9% upside, and kept a Buy.
Piper Sandler analyst James Fish raised the PT to $57 from $53, indicating priced at the current level, and reiterated a Neutral after being left with "more questions than answers" regarding Cisco's subscription and software transition.
He believes the stock "reflects most of the upside already" and prefers other Infrastructure opportunities.
Morgan Stanley analyst Meta Marshall maintained an Equal Weight with a $59 PT, suggesting priced at the current level, after factoring in the costs that will limit the company's earnings leverage.
Price Action: CSCO shares traded lower by 0.50% at $57.28 after giving up all the premarket gains on the last check Thursday.