Cisco Systems shares fell 5.55% to $105.27 on Tuesday after Piper Sandler analyst James Fish maintained a Neutral rating and cut the price target to $125 from $132, citing concerns that networking-equipment industry growth may be peaking. Cisco had reached a record in June as major technology companies increased spending on artificial-intelligence infrastructure, supporting demand for networking equipment. Wall Street’s overall rating remains Buy, with an average target of $133.86. Deutsche Bank recently initiated coverage with a Buy rating and a $135 target, while HSBC downgraded Cisco to Hold with a $120 target. Technically, the stock remains about 9% above its 200-day average near $96.55 but trades below its 20-day, 50-day and 100-day averages. Cisco also underperformed a Technology sector that rose 0.20% and gained 8.44% over the past month. The company’s recent AI strategy includes Cisco AI POD for Splunk, designed for on-premises, private-cloud and air-gapped deployments as part of Cisco Secure AI Factory with NVIDIA.