Cisco Price Prediction: Analysts Set $112 Target Despite Strong AI Growth
Cisco Systems (CSCO) reported record third-quarter fiscal 2026 revenue of $15.841 billion, driven by a 25% increase in networking revenue and a 35% surge in total product orders. The company raised its full-year AI infrastructure order guidance to $9 billion, reinforcing its transition from a legacy networking firm to a key AI infrastructure provider. Consequently, Cisco's stock has gained over 51% year-to-date. However, 24/7 Wall St. issues a Hold recommendation with a 12-month price target of $112.47, implying slight downside from the current $115.53 level. The analysts argue that the significant rerating is already priced in, citing a trailing P/E of 37 and recent insider selling as cautionary signals. In contrast, HSBC upgraded Cisco to Buy with a $137 target, citing stronger AI momentum and improved earnings visibility. While bulls highlight robust data center switching orders and an accelerating campus refresh cycle, some market observers note that prominent analysts predicting major AI winners did not include Cisco in their top picks, suggesting mixed sentiment despite strong fundamental performance.
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