Morgan Stanley says Cisco’s analyst day was “largely as previewed,” arguing that the company set out “achievable targets that set the stock up well from here.” The firm, which says Cisco’s pace of innovation has been “impressive” and that it was “encouraged by meaningfully higher than expected” FY26/FY27 targets for security and observability, maintains an Overweight rating and $58 price target on shares after having attended Cisco Live in Las Vegas.
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