KeyCorp Raises Cisco Price Target to $135.00

Cisco Systems (NASDAQ:CSCO) has seen its price target raised by KeyCorp to $135.00, representing an 8.98% potential upside from its previous close of $123.88.

This upgrade comes on the heels of a record fourth-quarter revenue of approximately $17.3 billion, up 18% year over year, while networking product orders increased 40%. AI infrastructure orders totaled $4 billion in the quarter and $9.3 billion for fiscal 2026, with management expecting approximately $7.5 billion of AI infrastructure revenue in fiscal 2027.

The company has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. KeyCorp's price target suggests a potential upside of 8.98% from the stock's previous close.