Stocks
Cisco Systems Stock Soars on Analyst Upgrade Amid AI-Driven Growth
Cisco Systems stock has seen significant gains on Wall Street after analyst firm Wall Street Zen upgraded its rating from hold to buy, citing improving fundamentals and AI-driven growth.
The upgrade contributed to an overall consensus of Moderate Buy with an average 12-month price target of $129.68, implying a roughly 18.8% upside from the current share price around $109.06.
Cisco recently reported quarterly revenue of $17.25 billion and adjusted earnings per share of $1.22, both above analyst expectations, with revenue rising 17.6% year over year in that quarter.