BofA raised the firm’s price target on Cisco (CSCO) to $76 from $72 and keeps a Buy rating on the shares. Fiscal Q2 results and Q3 and FY25 guidance came in above expectations as AI infrastructure buildouts drive demand across Cloud, SP and Enterprise verticals and the macro demand backdrop is picking up following a few years of inventory absorption, the analyst tells investors in a post-earnings note. The firm expects continued growth in the second half and 2026 for Cisco, the analyst added.
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