Shares of Cisco Systems' (NASDAQ:CSCO) fell about 2% on Friday after HSBC downgraded its rating to Hold from from Buy, citing valuation and business momentum. The firm also cut its price target on ...

Cisco Systems’ shares fell more than 2% on Friday after HSBC downgraded the networking equipment maker from “buy” to “hold”, ...

HSBC on Friday downgraded Cisco Systems Inc (NASDAQ:CSCO) to Hold from Buy on elevated valuation and slowing business momentum, and cut its price target to $69 from $73.

A recommendation downgrade from a global bank was the development pushing down Cisco Systems ( CSCO -4.49%) stock on Friday.

On Adobe specifically, Melius cited intensifying competition from AI-first challengers like Figma, Canva, and Runway, as well ...

Fintel reports that on August 16, 2024, HSBC upgraded their outlook for Cisco Systems (NasdaqGS:CSCO) from Hold to Buy. As of August 6, 2024, the average one-year price target for Cisco Systems is ...

Cisco Systems' (NASDAQ: CSCO) stock rose about 2% on Friday after New Street and HSBC upgraded their rating on the shares. New Street upgraded the stock to Buy from Neutral with a $57 price target.

HSBC also upgraded Cisco to Buy, raising its price target to $58 from $46. It expects Cisco’s earnings to grow at an annual rate of 11.6% over the next few years.

HSBC will initially use the technology to connect staff in six locations - London, Chicago, Hong Kong, Mexico City, New York and Dubai. Cisco says its technology will save the bank thousands in ...