As previously reported, HSBC upgraded Cisco to Buy from Hold with a price target of $137, up from $77. The company reported a \"modest\" beat in fiscal Q3, but new AI orders reset the growth debate as management expects FY27 AI revenue of at least $6B, implying about 50% year-over-year growth, the analyst tells investors. The firm cites stronger AI infrastructure momentum and better earnings visibility for its raised target and rating.
