Cisco Systems is quietly becoming one of the more compelling picks-and-shovels plays in the AI buildout, according to 24/7 Wall St.
The company just closed a record fiscal year with hyperscaler AI orders more than quadrupled, and management is guiding for another leg higher in fiscal 2027.
A proprietary model sees more upside from here, with a price target of $131.07 implying 18.04% upside from the current $111.04 price.
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