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Piper Sandler cuts Cisco price target to $125 from $132

  • Piper Sandler lowered its price target for Cisco.
  • The target fell to $125 from the previous $132.
  • Cisco stock reached a June record amid big-tech AI infrastructure spending.

Piper Sandler lowered its price target for Cisco to $125 from $132, citing analyst concerns that growth in the networking equipment industry is peaking. Cisco shares reached a record in June as major technology companies increased spending to fund artificial-intelligence infrastructure, supporting demand for networking equipment.

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