Reported about 11 hours ago
Analysts have increased their target prices for Cisco Systems (CSCO), with current estimates ranging from $76.10 to $79.18, indicating a potential upside of 12% to 16%. A suggested strategy includes shorting out-of-the-money CSCO put options to benefit from the stock's current performance around $68.21. Investors might find this approach beneficial, especially as Cisco's fundamentals remain strong, with impressive free cash flow margins. However, there are inherent risks, including potential losses if CSCO shares dip below certain thresholds.
Source: YAHOO