After solid channel checks done by analysts and researchers at Oppenheimer, Cisco Systems, Inc. (CSCO) had its price target and earnings estimates raised by the firm.
The analysts maintained an “Outperform” rating on CSCO and now see shares reaching $24, which suggests a +15% upside to Friday’s closing price of $20.83.
Cisco shares were up slightly during morning trading on Monday. The stock is up +3.73% over the past year.
The Bottom Line
Shares of Cisco (CSCO) have a dividend yield of 2.69% based on Friday’s closing price of $20.83.
Cisco Systems, Inc. (CSCO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.