Citi analyst Atif Malik raised the firm’s price target on Cisco (CSCO) to $73 from $71 and keeps a Buy rating on the shares. Nvidia (NVDA) last night reported that its enterprise data center sales grew two-times year-over-year on accelerating demand for model finetuning and agentic-artificial intelligence workflows, the analyst tells investors in a research note. The firm believes Nvidia’s comments support Cisco’s recent partnership with Nvidia and likely adds to Cisco’s $1B AI order outlook provided on its earnings call. Cisco remains Citi’s top communications equipment pick in 2025, citing is growing AI opportunity and its “relatively undemanding valuation.”
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