• Ivan Feinseth from Tigress Financial set a price target of $78 for Cisco, indicating a potential upside of 44.04%.
• Bank of America Securities named Cisco a top pick for October, highlighting its appeal for passive income through dividends amidst declining interest rates.
• Cisco's current stock price is $54.27, with a stable performance and a market capitalization of approximately $216.58 billion.

Cisco Systems (NASDAQ:CSCO) is a leading technology company known for its networking hardware, software, and telecommunications equipment. It plays a significant role in the tech industry, competing with companies like Juniper Networks and Arista Networks. On October 14, 2024, Ivan Feinseth from Tigress Financial set a price target of $78 for Cisco, suggesting a potential upside of 44.04% from its trading price of $54.15.

Bank of America Securities has recognized Cisco as a top pick for October, emphasizing its potential for passive income through dividends. As interest rates decline, dividend stocks like Cisco are expected to attract more investors. This highlights Cisco's reputation as a reliable choice for those seeking steady dividend income.

Currently, Cisco's stock price is $54.27, showing a slight increase of 0.02, or 0.0369%, from the previous session. The stock has traded between $53.79 and $54.40 today, with a 52-week range of $44.50 to $54.59. This indicates a stable performance, aligning with its market capitalization of approximately $216.58 billion.

The trading volume for Cisco today is 9,942,243 shares on the NASDAQ exchange. This level of activity reflects investor interest, possibly influenced by the positive outlook from analysts and its inclusion in Bank of America's top picks. As Cisco continues to be a strong contender in the tech industry, its stock remains a focal point for investors.