HSBC Just Upgraded Cisco to Buy: $6 Billion AI Revenue Goal Resets the Growth Debate

Quick Read

• Cisco Systems (CSCO) received an upgrade to Buy from Hold by HSBC with a $137 price target (up from $77), as the company targets $6 billion in AI revenue for fiscal 2027 with 50% year-over-year growth, while already booking $9 billion in AI infrastructure orders for FY26.

• Cisco is being recognized as an AI infrastructure leader rather than a legacy networking incumbent, driven by accelerating AI infrastructure orders from hyperscalers and the company’s credible path to converting a massive order book into revenue growth.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and Cisco Systems wasn’t one of them. Get them here FREE.

Cisco Systems (NASDAQ:CSCO) just earned a strong endorsement from HSBC, which upgraded the networking giant to Buy from Hold and lifted its price target to $137 from $77. The trigger is straightforward: management’s AI infrastructure order book is accelerating, and Cisco now expects fiscal 2027 AI revenue of at…