Cisco (CSCO) PT Raised to $52 at Deutsche Bank, Added to Catalyst Call Buy List

Deutsche Bank analyst Matthew Niknam raised the price target on Cisco (NASDAQ: CSCO) to $52.00 (from $51.00) while maintaining a Hold rating.

The analyst comments "What's changed? We're updating our Cisco estimates to include the recently closed acquisition of Splunk (3/18/24), and raising our 12-month price target to $52 (from $51 prior). We add shares to our Catalyst Call Buy list, while maintaining our longer-term Hold rating."

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