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Barchart
Mark R. Hake, CFA

Analysts Push Cisco's Target Price Higher - Shorting CSCO Puts Works Here

CSCO Cisco Barchart OTM Yahoo Finance

Analysts have been increasing their target prices for Cisco, Inc. (CSCO) based on management's guidance. Shorting out-of-the-money (OTM) CSCO put options could be a good strategy here.

CSCO closed at $68.21 on Friday, September 19. This represents an increase from its recent low of $66.53 on September 12. However, it's down from its peak of $71.79 on August 8.

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