By Anthony Lee
Publication Date: 2026-01-26 20:55:00
Shares of networking technology giant Cisco (NASDAQ:CSCO) jumped 3.7% in the afternoon session after Evercore ISI upgraded the stock to Outperform from In Line and raised its price target.
The firm boosted its price target on the technology company to $100 from $80. Analysts at the firm noted that Cisco was positioned for “high single-digit sales and low-teens EPS growth on a multi-year basis.” This positive outlook was supported by strong demand in campus markets and the potential for artificial intelligence (AI) revenues to reach $3 billion by fiscal year 2026. The firm also mentioned that the stock remained attractive at its current valuation compared to other large technology companies.
After the initial pop the shares cooled down to $76.99, up 3.2% from previous close.
Is now the time to buy Cisco? Access our full analysis report here, it’s free.
Cisco’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In…