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Cisco stock sinks 5% after Piper Sandler cuts price target on growth concerns

ID
27411
Status
summarized
Published
23 Sep 2026, 4:49 AM
Fetched
23 Sep 2026, 5:09 AM
Provider
CNBC Technology
Category
technology
Original URL
https://www.cnbc.com/2026/09/22/cisco-stock-piper-sandler-price-target.html
Source URL
https://www.cnbc.com/id/19854910/device/rss/rss.html

Summary

Score
3.0
Created
23 Sep 2026, 5:09 AM
Tags
Audience
saas_startup_founders

What happened

Piper Sandler cut Cisco's price target from $132 to $125, citing concerns that networking industry growth is peaking, sending the stock down ~5%. Cisco had ridden the AI buildout wave to a 56% gain over 12 months and a record high in June, reporting $17.25B Q4 revenue beating a $16.8B estimate, but analysts dispute Cisco's FY2027 projection of ~15% revenue growth, arguing sales growth will fall back to single digits.

Why it matters

If the analyst read is correct, the AI infrastructure spending surge that lifted Cisco's networking sales may be plateauing — builders relying on continued drops in networking and cloud infrastructure costs should not assume the current pricing environment persists indefinitely. No action required unless you are budgeting datacenter or networking spend for FY2027.

Discussion angle

Is the AI infrastructure spending boom actually peaking, or is this one analyst's conservative call — and what would a plateau mean for cloud and networking costs for Malaysian startups scaling in 2027?

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