Stock Market Today: Dow slumps as rising Treasury yields rattle markets

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Cisco (CSCO) PT Raised to $76 at Tigress Financial Partners

September 22, 2023 8:23 AM EDT

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Cisco (NASDAQ: CSCO) to $76.00 while maintaining a Buy rating.

The analyst comments "

We reiterate our Buy rating on CSCO and increase our 12-month target price to $76 as CSCO will continue to benefit from increasing demand for smart AI-driven high-speed networks bandwidth and security and the recently announced acquisition of software developer Splunk (SPLK-US, Non-rated) further accelerates its security and AI capabilities, increases the ongoing growth of its services revenue and adds an additional upside catalyst. Yesterday, CSCO announced the acquisition of Splunk (SPLK-US,... More

Citi Reiterates Top Pick on Meta (META), Opens Upside Catalyst Watch, 'we expect to hear more details around Meta’s GenAI plans'

September 22, 2023 6:27 AM EDT

(Updated - September 22, 2023 6:29 AM EDT)

Citi analyst Ronald Josey reiterated a Buy rating and $385.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "With Reels ad loads reaching 19% QTD vs. 17% in 2Q per our proprietary tracking, coupled with... More