UBS and JPMorgan have both raised their price targets for Cisco Systems, Inc. (CSCO) to $95 from $90, maintaining “Buy” and “Overweight” ratings respectively. Analysts cited strong AI order momentum, improved revenue visibility for future fiscal years, and potential for upside to estimates due to accelerated revenue growth and a partnership with Nvidia for enterprise AI adoption. Cisco is recognized for its role in powering, securing, and drawing insights from the internet, offering data center switching, network security, and identity/access management technologies.
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UBS Lifts PT on Cisco Systems, Inc. (CSCO) Stock
UBS and JPMorgan have both raised their price targets for Cisco Systems, Inc. (CSCO) to $95 from $90, maintaining “Buy” and “Overweight” ratings respectively. Analysts cited strong AI order momentum, improved revenue visibility for future fiscal years, and potential for upside to estimates due to accelerated revenue growth and a partnership with Nvidia for enterprise AI adoption. Cisco is recognized for its role in powering, securing, and drawing insights from the internet, offering data center switching, network security, and identity/access management technologies.