Cisco Systems saw its target price raised by analysts at Wells Fargo & Company from $52.00 to $57.00, with an “equal weight” rating on the stock. Other analysts have also provided their perspectives on Cisco Systems, with Needham & Company LLC reiterating a “hold” rating, UBS Group upgrading the stock to “neutral,” and StockNews.com upgrading … Read more
The article discusses Cisco Systems Inc.’s recent earnings report and the impact on its valuation. Despite a slight decrease in stock price following the earnings release, the author reaffirms their “strong-buy” rating for Cisco. The company’s growth plan focuses on networking equipment, which is crucial for supporting the increasing bandwidth requirements of AI data centers. … Read more
In a recent report released by Benzinga, Needham & Company LLC reaffirmed their hold rating on Cisco Systems (NASDAQ:CSCO). Several other analysts have also issued reports on the stock, with Bank of America upgrading their rating to Buy and raising their price target. StockNews.com also upgraded Cisco Systems to a buy rating. Overall, analysts have … Read more