By Vardah Gill
Publication Date: 2026-06-14 04:35:00
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 10 Best S&P 500 Dividend Stocks to Buy Right Now.
Photo by Dan Dennis on Unsplash
On June 12, Morgan Stanley raised its price recommendation on Cisco Systems, Inc. (NASDAQ:CSCO) to $130 from $120. It reiterated an Overweight rating on the shares. The firm said that growing inference workloads and increasing CPU intensity are driving a new wave of front-end infrastructure upgrades. Against that backdrop, Morgan Stanley views Cisco and Arista Networks (ANET) as its preferred ways to benefit from what it considers “an underappreciated front-end networking refresh cycle.”
Earlier, on June 8, BofA raised its price goal on Cisco to $150 from $135. It kept a Buy rating on the stock. The firm also increased price targets for Arista Networks and Extreme Networks (EXTR) following a series of networking-focused…
