Cisco Systems (CSCO) stock has risen 0.8% over the past week, 15.0% over the past month, and an impressive 37.3% over the last year. Wall Street’s analysts are firmly bullish, with a StrongBuy consensus and an average 12‑month price target of $91.82 versus a last close of $85.54, implying further upside ahead.
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Among the most closely watched voices, Tal Liani of Bank of America reiterated his Buy rating on 12 February 2026 and set a $95.00 price objective, above the Street’s average target. His call signals confidence that Cisco can keep outperforming, even after its strong run and approach toward the top of its 52‑week range between $52.11 and $88.19.
Liani highlights solid revenue execution, with total revenues up 9.7% year over year, beating his 7.9% forecast, driven by networking growth of 21.1%. Product orders climbed 18%, with AI orders jumping from $1.3 billion to $2.1 billion sequentially and non‑AI orders also strong, helped by robust campus switching, Wi‑Fi 7, and data center switching.
Not everything is perfect, as security revenue fell 4.4% year over year, mainly due to Splunk’s shift from term licenses to SaaS, and gross margins are under pressure from mix and a 400% surge in memory pricing. Still, management expects security orders excluding Splunk to grow about 10% by year‑end, and recent product price hikes plus operational efficiencies could help keep operating margins around 34%.
Looking ahead, Cisco appears well positioned for ongoing hardware and networking cycles, with strong demand from public, service provider, cable, and cloud customers, and additional growth drivers in servers, Wi‑Fi, and Industrial IoT. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.