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Deutsche Bank Boosts Cisco Stock with Buy Rating, Sees 22.8% Upside

Guavy AI Editorial Team
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AMZN CSCO MSFT
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Cisco Systems stock is experiencing a strong rebound, trading near $110.00 USD on Nasdaq as of August 28, 2026, after briefly touching an intraday high of $129.25 USD.

The recent price movement follows a new analyst assessment from Deutsche Bank with a buy rating and a $135.00 USD price target, citing Cisco's positioning in AI infrastructure.

Cisco Systems' recent first-quarter sales exceeded Wall Street expectations, driven by increased demand from large cloud customers, such as hyperscalers Amazon and Microsoft.

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