Cisco Stock Upgraded to Outperform with Price Target Raised to $100
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Stock Upgrade: Evercore upgraded Cisco's stock from In Line to Outperform and raised the price target from $80 to $100, likely attracting more investor interest and driving stock price appreciation.
- Campus Market Growth: Analysts anticipate sustained growth in Cisco's campus markets, with an estimated industry growth rate of 6% to 8%, providing a stable revenue source for the company.
- AI Revenue Growth: Cisco is projected to achieve approximately $3.0 billion in AI revenues by fiscal year 2026, representing 5% of sales, indicating strong growth potential in the AI sector, particularly through partnerships with large hyperscalers.
- EBIT Margin Expansion: Cisco expects to sustain EBIT margin expansion of 50-100 basis points annually, despite potential challenges in security and collaboration sectors, maintaining an overall optimistic growth outlook.
Analyst Views on CSCO
Wall Street analysts forecast CSCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSCO is 89.36 USD with a low forecast of 76.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 74.590
Low
76.00
Averages
89.36
High
100.00
Current: 74.590
Low
76.00
Averages
89.36
High
100.00
About CSCO
Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings. Its Collaboration product category consists of its meetings, collaboration devices, calling, contact center and platform as a service (CPaaS) offering. Its Observability product category consists of its full stack observability offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
