In a report released today, Tal Liani from Bank of America Securities maintained a Buy rating on Cisco Systems (CSCO – Research Report), with a price target of $76.00.
Tal Liani has given his Buy rating due to a combination of factors that highlight Cisco Systems’ strategic positioning and growth potential. The discussions with Cisco’s CFO and Chief Strategy Officer revealed optimism about the company’s growth acceleration opportunities. These include a recovery in Campus switching demand, advancements in AI infrastructure, and synergies from the Splunk acquisition, alongside favorable impacts from U.S. federal policies and tariffs.
Furthermore, Cisco is well-prepared for the AI infrastructure buildout, offering a robust portfolio that includes Optical, Routing, and Silicon solutions. The company has already secured significant AI orders and is expected to exceed its fiscal year 2025 order targets, indicating potential revenue growth acceleration. Additionally, Cisco’s strategic partnership with Nvidia to offer converged infrastructure solutions further enhances its market opportunities, positioning the company to capitalize on the expanding AI market. These factors collectively support the Buy rating with a price objective of $76.
Liani covers the Technology sector, focusing on stocks such as Cisco Systems, Ciena, and Palo Alto Networks. According to TipRanks, Liani has an average return of 9.1% and a 55.11% success rate on recommended stocks.
In another report released on February 27, Citi also maintained a Buy rating on the stock with a $73.00 price target.
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