Why Cisco’s AI and Networking Tailwinds Point to $98.76 in 12 Months

• Cisco (CSCO) reported Q2 revenue of $15.3B, beating estimates by 1.49%, with hyperscaler AI orders accelerating to $2.1B in the quarter and campus networking revenue up 21% year-over-year, supported by a $42.9B backlog of remaining performance obligations.

• Cisco’s AI infrastructure buildout and campus networking refresh cycle position the company for sustained growth, though security segment revenue declined 4% year-over-year and operating cash flow fell 18.7%, raising concerns about potential margin compression from tariff escalation.

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Cisco Systems (NASDAQ:CSCO) has rallied sharply, but investors want to know if the gains can continue. Our model sees a clear path higher. The 24/7 Wall St. price target for Cisco is $98.76, implying upside of 12.6% over the next 12 months. Our model carries a high (90%) confidence level.