By Khadija Saeed
Publication Date: 2026-02-04 00:52:00
New York, Feb 3, 2026, 19:41 EST — After-hours
- Cisco shares rose 3.1% on Tuesday and remained steady in after-hours trading
- Evercore ISI raised its price target to $175 and maintained an outperform rating
- Investors are turning their attention to Cisco’s Feb. 11 earnings report as the next major catalyst
Cisco Systems shares surged Tuesday following a price target boost from Evercore ISI, providing a rare highlight amid a turbulent tech sector.
Cisco ended the day 3.1% higher, closing at $83.11. After-hours trading showed little movement, with most of the price action happening during the regular session. (StockAnalysis)
This call is crucial as investors aim to distinguish the “AI winners” from firms vulnerable to disruption by emerging tools. Cisco is positioning itself more as the infrastructure supporting data-heavy workloads than just a pure software play.
U.S. stocks closed down, led by the Nasdaq which dropped 1.43%, amid concerns that…
