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Business
Thomas Hughes

Cisco Systems Below $82? Buy Now, It Won’t Last—$182 Is Coming

Cisco Nasdaq MarketBeat CSCO

It is a bold statement to say Cisco (NASDAQ: CSCO) stock will advance by $100 to $182, but there are forces at play and precedents that suggest just that. Cisco’s share price crossed a significant threshold in early February, rising above the $82 level to set a fresh all-time high.

The all-time high is significant enough on its own; however, it is the stock's first since the DotCom bubble burst, so it marks a pivot point for this market. Others, including Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOGL), and Oracle (NYSE: ORCL), have crossed similar thresholds and advanced by modest-to-high triple-digit amounts.

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