JPMorgan analyst Samik Chatterjee raised the firm’s price target on Cisco (CSCO) to $73 from $69 and keeps an Overweight rating on the shares. The firm says Cisco’s fiscal Q2 results “ticked many of the boxes,” including reinforcing the improvement in the demand cycle with revenue and order trends from all customer verticals improving on an underlying basis. The firm cites the company’s better revenue momentum as well as potential upside to earnings estimates from levers to mitigate tariff impact for the target boost.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSCO:
- Cisco upgraded to Buy at Rosenblatt as AI becomes larger driver
- Cisco upgraded to Buy from Neutral at Rosenblatt
- Cisco price target raised to $72 from $57 at Piper Sandler
- Cisco Systems: Strong Growth Potential Driven by Surging AI Demand and Networking Strength
- Cisco’s Robust Performance and Strong Demand Justify Buy Rating Despite Challenges