World & BusinessCisco stock falls 5% after Piper Sandler cuts price target
Cisco shares hit a record over the summer, but Piper Sandler analysts expressed concern that industry growth was peaking, CNBC reports.
TLDR
Cisco stock fell 5% after Piper Sandler lowered its price target over growth concerns, CNBC reported on September 22, 2026. The stock had reached a record over the summer, but the analysts expressed concern that growth in the industry was peaking.
Cisco stock falls 5% after Piper Sandler cuts price target
Cisco shares hit a record over the summer, but Piper Sandler analysts expressed concern that industry growth was peaking, CNBC reports.
TLDR
Cisco stock fell 5% after Piper Sandler lowered its price target over growth concerns, CNBC reported on September 22, 2026. The stock had reached a record over the summer, but the analysts expressed concern that growth in the industry was peaking.