80/100BCisco Systems stock forecast 2027–2031
Analysts' average 12-month price target for Cisco Systems is 131.42, 26.9% above the current price of 103.60. Their targets range from 110.00 to 150.00.
Of the 16 firms that rated Cisco Systems in the past 12 months, 12 rate it buy or strong buy, 4 hold and 0 sell or strong sell (each firm at its latest rating); on average they come to Buy.
Analysts' 1-year price targets range from 110.00 to 150.00, with an average of 131.42.
| Strong buy | 0 | |
| Buy | 12 | |
| Hold | 4 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 150.00 |
| Average target | 131.42 |
| Lowest target | 110.00 |
| Current price | 103.60 |
Cisco Systems price target history
Have analysts recently raised or lowered their Cisco Systems price target and rating?
How analysts rate Cisco Systems, month by month
12 of 16 firms rate it buy now, against 10 of 15 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Cisco Systems analyst upgrades, downgrades and price targets
The latest rating change came on 1 September 2026, when Deutsche Bank upgraded Cisco Systems from Hold to Buy. The most recent new target came from Bernstein on 30 September 2026: 110.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 30 Sept 2026 | Bernstein | — | 110.00 | — | 106.94 |
| 22 Sept 2026 | Piper Sandler | Reiterated · Neutral | 132.00 → 125.00 | -5.3% | 111.46 |
| 1 Sept 2026 | Deutsche Bank | Upgraded · Hold → Buy | — | — | — |
| 31 Aug 2026 | Deutsche Bank | — | 135.00 | — | 110.49 |
| 14 Aug 2026 | HSBC Stephen Bersey | Downgraded · Buy → Hold | 137.00 → 120.00 | -12.4% | 113.47 |
| 13 Aug 2026 | Truist Financial Matthew Niknam | Reiterated · Buy | 140.00 | — | 114.38 |
| 13 Aug 2026 | UBS | Reiterated · Buy | 132.00 → 138.00 | +4.5% | 123.88 |
| 13 Aug 2026 | KeyBanc | Reiterated · Overweight | 130.00 → 135.00 | +3.8% | 123.88 |
| 13 Aug 2026 | Wells Fargo Aaron Rakers | Reiterated · Overweight | 130.00 → 150.00 | +15.4% | 123.88 |
| 13 Aug 2026 | Morgan Stanley Meta Marshall | Reiterated · Overweight | 130.00 → 135.00 | +3.8% | 123.88 |
| 13 Aug 2026 | Wolfe Research | — | 150.00 | — | 123.88 |
| 13 Aug 2026 | Barclays Tim Long | Reiterated · Equal Weight | 121.00 → 123.00 | +1.7% | 123.88 |
| 25 Jun 2026 | KeyBanc | Reiterated · Overweight | 125.00 → 130.00 | +4.0% | 119.73 |
| 12 Jun 2026 | Morgan Stanley | Reiterated · Overweight | 120.00 → 130.00 | +8.3% | 121.83 |
| 15 May 2026 | HSBC | Upgraded · Hold → Buy | — | — | — |
| 14 May 2026 | HSBC Stephen Bersey | — | 69.00 → 137.00 | +98.6% | 115.53 |
| 14 May 2026 | UBS David Vogt | Reiterated · Buy | 95.00 → 132.00 | +38.9% | 114.66 |
| 14 May 2026 | Morgan Stanley | Reiterated · Overweight | 91.00 → 120.00 | +31.9% | 115.27 |
| 14 May 2026 | Goldman Sachs | — | 116.00 | — | 101.87 |
| 14 May 2026 | KeyBanc | Reiterated · Overweight | 125.00 | — | 101.87 |
| 14 May 2026 | Piper Sandler | Reiterated · Neutral | 64.00 → 132.00 | +106.3% | 101.87 |
| 14 May 2026 | Wells Fargo | Reiterated · Overweight | 75.00 → 130.00 | +73.3% | 101.87 |
| 14 May 2026 | Barclays | — | 121.00 | — | 101.87 |
| 4 May 2026 | Evercore ISI | Reiterated · Outperform | 100.00 → 110.00 | +10.0% | 92.72 |
| 23 Apr 2026 | BWG Global | Downgraded · Positive → Mixed | — | — | — |
| 12 Feb 2026 | UBS | Reiterated · Buy | 88.00 → 95.00 | +8.0% | 76.02 |
| 26 Jan 2026 | Evercore ISI | Upgraded · In Line → Outperform | 100.00 | — | 74.59 |
| 26 Jan 2026 | Scotiabank | — | 100.00 | — | 76.70 |
| 17 Dec 2025 | Morgan Stanley | Reiterated · Overweight | 77.00 → 91.00 | +18.2% | 77.55 |
Cisco Systems EPS and revenue estimates
Analysts expect Cisco Systems's EPS to grow 21.9% a year until 2029, faster than over the last 5 years (5.9% a year) and the last 3 years (2.7%).
Analysts expect Cisco Systems's revenue to grow 9.6% a year until 2029, faster than over the last 5 years (4.9% a year) and the last 3 years (3.6%).
Revenue
EPS
Does Cisco Systems beat earnings estimates?
On average, analysts' EPS estimate was 3.7% off the result, either way, and their revenue estimate 1.5%, over the last 12 quarters.
- EPS beats
- 113 / 131
- Revenue beats
- 104 / 117
- Average EPS surprise, last 12
- +3.7%
- Since
- February 1994
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 12 Aug 2026 | 1.17 | 1.22 | +4.3% | 16.84B | 17.25B | +2.5% |
| Q3 FY2026 | 13 May 2026 | 1.03 | 1.06 | +2.9% | 15.56B | 15.84B | +1.8% |
| Q2 FY2026 | 11 Feb 2026 | 1.02 | 1.04 | +2.0% | 15.11B | 15.35B | +1.6% |
| Q1 FY2026 | 12 Nov 2025 | 0.98 | 1.00 | +1.8% | 14.78B | 14.88B | +0.7% |
| Q4 FY2025 | 13 Aug 2025 | 0.98 | 0.99 | +1.3% | 14.62B | 14.67B | +0.4% |
| Q3 FY2025 | 14 May 2025 | 0.92 | 0.96 | +4.7% | 14.05B | 14.15B | +0.7% |
| Q2 FY2025 | 12 Feb 2025 | 0.91 | 0.94 | +3.3% | 13.87B | 13.99B | +0.9% |
| Q1 FY2025 | 13 Nov 2024 | 0.87 | 0.91 | +4.4% | 13.78B | 13.84B | +0.5% |
| Q4 FY2024 | 14 Aug 2024 | 0.85 | 0.87 | +2.5% | 13.53B | 13.64B | +0.8% |
| Q3 FY2024 | 15 May 2024 | 0.83 | 0.88 | +6.3% | 12.53B | 12.70B | +1.3% |
| Q2 FY2024 | 14 Feb 2024 | 0.84 | 0.87 | +3.7% | 12.71B | 12.79B | +0.7% |
| Q1 FY2024 | 15 Nov 2023 | 1.03 | 1.11 | +7.8% | 13.79B | 14.67B | +6.4% |
Cisco Systems stock price 2027–2031: scenarios
If Cisco Systems's earnings keep growing at the 11.8% a year analysts expect to FY2029, it would earn about 7.54 a share in FY2031. At the P/E it has traded at over the last five years (16.0 to 34.0) that is 120.81 to 256.06 a share, or 169.61 at its average P/E of 22.5. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 5.12 | 82.01 | 115.13 | 173.82 |
| FY2028 | 5.60 | 89.76 | 126.01 | 190.24 |
| FY2029 | 6.03 | 96.71 | 135.76 | 204.97 |
| FY2030 (extrapolated) | 6.74 | 108.09 | 151.74 | 229.10 |
| FY2031 (extrapolated) | 7.54 | 120.81 | 169.61 | 256.06 |
Each year's EPS is the analysts' consensus to FY2029; the years after continue its 11.8% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (16.0, 22.5, 34.0).
Is Cisco Systems stock undervalued or overvalued?
Cisco Systems's P/E of 30.8 is near the top of its 5-year range (13.9 to 43.1, median 19.9). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay less for each point of growth than usual: a PEG of 1.4 on expected growth against 3.4 on its median P/E and past five years' growth. Growing 21.9% a year, Cisco Systems earns a P/E of 21.9 at a PEG of 1 (at most 25): × the next twelve months' EPS of 5.25, a fair value of 115.02; the price, 103.60, is 9.9% below it. Its forward P/E, on the consensus for FY2027, is 20.3.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 16.4 and 27.4). The price against its P/E range
- Price to earnings ratio (TTM)
- 30.83
- Five-year median P/E
- 19.89
- Five-year P/E range
- 13.9 – 43.1
- Forward P/E (FY2027)
- 20.25
- PEG ratio
- 2.62
- To the average target
- +26.9%
Most undervalued US stocks
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 66.390 | 128.2462Price 66.39185 | +93.2% | |
| 101.860 | 195.27146Price 101.86244 | +91.7% | |
| 123.790 | 235.44177Price 123.79294 | +90.2% | |
| 200.280 | 359.04269Price 200.28449 | +79.3% | |
| 227.150 | 406.28305Price 227.15508 | +78.9% | |
| 159.100 | 284.37213Price 159.10355 | +78.7% | |
| 105.320 | 175.76132Price 105.32220 | +66.9% |
Furthest below the fair value on each stock's page, updated every day.