Cisco price target raised to $60 from $57 at Wells Fargo

Wells Fargo raised the firm’s price target on Cisco (CSCO) to $60 from $57 and keeps an Equal Weight rating on the shares. The company’s Q1 2025 results reflect a solid start to the fiscal year, the firm says. Comments on ex-U.S. Fed mid/high-teens order growth supportive continued upside to upward FY25 guide, Wells adds.