Cisco Systems(US:CSCO) Schaeffers Investment Researchยท2024-11-11 14:12Group 1 - Cisco Systems Inc's shares are up 1.6% in pre-market trading after J.P. Morgan upgraded the stock to "overweight" and raised the price target to $66 from $55, citing recovering demand for enterprise networking solutions [1] - Since the beginning of 2024, Cisco's stock has increased by 14.9%, with a 27.7% rise over the last three months, reaching a high of $58.30 on November 7, the highest level since January 2022 [2] - Despite a solid technical foundation, analysts have been generally pessimistic, with 13 out of 21 brokerages rating the stock as a "hold" and a 12-month consensus target price of $57.24, indicating a 1.4% discount to the recent close [3] Group 2 - Options traders are anticipating relatively low volatility for Cisco, as indicated by the Schaefer's Volatility Index (SVI) of 25%, which is in the low 23rd percentile of readings from the past 12 months [4]