7/105 sources · 3 publishersUpdated Nov 5, 14:56 UTC
Morgan Stanley downgrades Cisco and cuts price target, shares tumble pre‑market
Morgan Stanley lowered Cisco Systems' rating to Equal‑Weight from Overweight and reduced its price target to $120 from $135. The analyst cited the stock’s 43% gain over the past year, valuation at roughly 19 × forward earnings, AI‑driven margin pressure and pull‑forward demand concerns. Cisco shares fell about 3% in pre‑market trading, trading at $100.55.
Why it matters
The downgrade and lower price target signal reduced upside potential, which may pressure Cisco’s share price ahead of its fiscal Q1 2027 earnings on Nov. 12. Investors may reassess valuation expectations in light of the analyst’s concerns.
Key facts
- 1Morgan Stanley downgraded Cisco to Equal‑Weight from Overweight. investing.com
- 2Morgan Stanley cut the price target to $120 from $135. investing.com
- 3Cisco’s stock fell 3.0% in pre‑market trading. investing.com
- 4Cisco was trading at $100.55 in the pre‑market session. investing.com
- 5The stock has risen 43% over the past 12 months. investing.com
- 6Insider selling activity totaled approximately $6 million over the past three months. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.