By Vardah Gill
Publication Date: 2026-05-18 21:39:00
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 10 Best “Dogs of the Dow” Stocks to Buy for the Rest of 2026.
On May 15, HSBC Holdings plc upgraded Cisco Systems, Inc. (NASDAQ:CSCO) to Buy from Hold. It sharply raised its price target on the stock to $137 from $77. The firm said Cisco delivered a “modest” beat in fiscal Q3, though growing AI demand has started to shift the conversation around the company’s long-term growth outlook. Management now expects fiscal 2027 AI revenue to reach at least $6 billion, which implies roughly 50% year-over-year growth. The analyst pointed to stronger momentum in AI infrastructure and improved earnings visibility as the main reasons behind the higher rating and target price.
During the fiscal Q3 2026 earnings call, Chairman and CEO Chuck Robbins said Cisco generated record quarterly revenue of $15.8 billion, up 12% from the same period last year. Total…
