Cisco Maintains Buy Rating as Growth Drivers Support $135 Price Target

Cisco Systems has maintained its Buy rating from Morgan Stanley analyst Meta Marshall. The associated price target remains unchanged at $135.00.

The combination of factors driving this assessment includes Cisco's entry into a more sustainable expansion phase, driven by an early-stage campus refresh cycle and emerging scale-across deployments for AI workloads.

This growth is also supported by the growing contribution from security offerings, which should enhance revenue visibility and margin resilience.