Cisco Stock: A 23% Gain Could Push Shares to $130
Cisco Systems (NASDAQ: CSCO) has had an impressive year so far, with its stock up 39.07% year to date and 59.57% over the past year. The company's CEO, Chuck Robbins, attributes this success to a 'networking super cycle' tied to agentic AI.
The question on investors' minds is how much upside remains for Cisco shares. To reach $130 per share in 2027, the stock would need to gain about 23% and trade at around 25x forward earnings. This might seem like a stretch for a company of Cisco's size, but it's not entirely unreasonable given its recent performance.
Cisco has already delivered strong results, with revenue estimates clustering around $73.16 billion in line with management's guidance. The company has also extended its EPS beat streak to five consecutive quarters, indicating that actual results have consistently exceeded the model.