CSCO CISCO SYSTEMS, INC.

Price Chart

Executive Summary

Evercore ISI Group upgraded CSCO from In-Line to Outperform on January 26, 2026, raising its price target to $100 from $80, a 25% increase. The upgrade is part of a 16-firm cluster action on CSCO, with the stock currently trading at $120.42 — well above the new target. Evercore has a 67% accuracy rate on 6 calls and a top-tier average return of 9.7%. Consensus is heavily bullish: 23 of 32 analysts rate Buy or Strong Buy, 9 Hold, 0 Sell. The mean price target is $125.41, implying 4.1% upside, with a high of $150 and low of $84.98. EPS revisions are overwhelmingly positive — 22 upward revisions in the last 30 days for the current fiscal year, with no downgrades. Insider selling is notable, including a $316K sale by EVP Tuszik on May 15, but the cluster of buys from two members of Congress (Ro Khanna and Maria Elvira Salazar) in March-April 2026 provides a contrarian bullish signal. The next earnings date is August 11, 2026, about 6 months away, so no near-term catalyst. The upgrade is consensus-aligned and the PT is below the current price, limiting its immediate impact.

Impact Score

Consensus & Targets

Consensus is strongly bullish: 7 Strong Buy, 16 Buy, 9 Hold, 0 Sell, 0 Strong Sell (32 analysts). 71.9% of analysts rate the stock Buy or Strong Buy, with no bearish ratings. The consensus direction is clearly positive, and Evercore's upgrade aligns with the prevailing view.

Current price: $120.42. Mean target: $125.41, median: $125.00, high: $150.00, low: $84.98. Implied upside to mean: 4.1%. Evercore's $100 PT is below the mean and median, ranking near the low end of the range. The high target of $150 (from Evercore on May 14) is the most bullish, while the low of $84.98 is from an unidentified firm.

Recent Analyst Activity

In the last 30 days, there has been 1 upgrade (Evercore) and 0 downgrades. EPS revisions are overwhelmingly positive: 22 upward revisions for the current fiscal year (0y) and 22 for next year (+1y) in the last 30 days, with zero downward revisions. Estimates are being revised higher across all periods, a strong bullish momentum signal.

Firm Track Record — Evercore ISI Group

Evercore ISI Group accuracy: 59% on 2664 calls | avg return: 4.6%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

Evercore ISI Group has a 67% accuracy rate on 6 calls on CSCO, with an average return of 9.7% — classified as top tier. Among firms covering CSCO, Morgan Stanley (86% on 7 calls) and Piper Sandler (78% on 9 calls) have higher accuracy. Melius Research (0% on 2 calls) and Keybanc (0% on 2 calls) are the worst performers. Evercore's track record is solid but not the best.

Earnings Estimates

Next earnings: Aug 11, 2026

Cross-Platform Signals

Insider trades show selling: CEO Robbins sold $59K on May 22, and four other insiders sold between $23K and $316K on May 15. These are small to moderate sales, not cluster-sized. Congressional activity is bullish: Rep. Ro Khanna (D) bought $15K-$50K in April and March, and Rep. Maria Elvira Salazar (R) bought $1K-$50K in March. Institutional moves are mixed: Norges Bank initiated a $4.47B position (new) but also exited another position; Dodge & Cox trimmed 25.1%; Two Sigma doubled its position (+563%). Short interest is 63.9% of TRF volume, indicating elevated bearish positioning. The insider selling diverges from the bullish analyst signal, but congressional buys and strong institutional inflows (Norges Bank, Two Sigma) converge with the bullish view.

Documents Analyzed

Report based on filing metadata.

US Market Status