Cisco Stock Rated 'Moderate Buy' Amid AI Infrastructure Growth
Cisco Systems' stock has been given an average recommendation of 'Moderate Buy' by analysts, according to Marketbeat Ratings. The company's rating is based on opinions from 23 analysts who have issued ratings on the stock in the last year.
The average 12-month price objective among these analysts is $129.43. This figure represents a target that investors can expect if the company continues to perform well and meets expectations.
UBS Group recently raised its target price on Cisco Systems from $132 to $138, citing strong growth in AI infrastructure orders. BNP Paribas Exane also increased its target price on shares of Cisco Systems from $87 to $132, giving the stock an 'outperform' rating.
However, not all analysts are as optimistic about Cisco's prospects. HSBC downgraded the company to a 'Hold' rating and reduced its price target to $120, citing concerns over margin pressure due to lower-margin hardware sales.