Cisco Systems Inc. (CSCO) Price Target Raised to $96 by JPMorgan

Cisco Systems Inc. (NASDAQ:CSCO)is one of the 10 Best Data Center Stocks to Buy for the Long Term. The stock is up 51.58% from its price a year ago and 11.13% year-to-date. On April 16, JPMorgan raised its price target on CSCO to $96 from $95 and kept an Overweight rating on the shares. JPMorgan expects AI infrastructure investments across server, switches, copper interconnects, and optical to drive upside to AI-levered suppliers in the first quarter.

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Cisco earlier reported 10 percent revenue growth for the quarter ending January 24, 2026. Cisco said second-quarter net income on a GAAP basis registered at $3.2 billion or $0.80 per share, while non-GAAP net income was $4.1 billion or $1.04 per share.

Chuck Robbins, chair and CEO of Cisco, was encouraged by the results. In a statement, he said:

“Cisco’s strong second quarter and first half of fiscal 2026…