BofA makes bold call on Cisco stock after earnings

Cisco Systems gave investors plenty to like in its fiscal fourth-quarter report, but the market’s reaction showed how high expectations have become for one of 2026’s strongest AI infrastructure trades.

Cisco Systems (CSCO) reported record quarterly revenue and stronger-than-expected earnings, while management laid out another year of double-digit growth. The stock still fell sharply after the report and closed Aug. 18 at $112.90, leaving shares well below the $123.88 price used in Bank of America’s latest research note.

BofA analyst Tal Liani sees an opportunity in that disconnect. Liani reiterated a Buy rating and $150 price target on Cisco in a note given to TheStreet, arguing that broad networking demand and growing AI revenue could leave room for further upside.

The target now implies roughly 33% upside from Cisco’s Aug. 18 closing price.

Cisco’s networking business is gaining momentum

Cisco reported fiscal fourth-quarter…