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Vetr Crowd Overlooks CSCO's Lowered Guidance With Upgrade

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The Vetr crowd on Friday upgraded its rating for Cisco Systems, Inc. (NASDAQ: CSCO) from 3.5 stars (Buy), issued 23 days ago, to 4.5 stars. Crowd sentiment at the time of the upgrade was generally positive, with 82 percent of Vetr user ratings bullish.

Share price in Cisco took an 8 percent hit on Thursday's open following a third-quarter earnings report that exceeded analyst estimates for both EPS and sales, but was nonetheless underwhelming to many investors due to a diminished fourth-quarter outlook. Analysts with Morgan Stanley upgraded the stock to Overweight just two days before the report.

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Currently, the Vetr crowd's average target price for Cisco is up at $36.05, which is above the average analyst target price of $34.13. Less than 2 percent of Vetr users are holding CSCO in their watch lists.

Latest Ratings for CSCO

DateFirmActionFromTo
Sep 2020Wolfe ResearchDowngradesOutperformPeer Perform
Sep 2020B of A SecuritiesMaintainsBuy
Aug 2020Credit SuisseMaintainsNeutral

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings

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