In a report released today, Tal Liani from Bank of America Securities reiterated a Buy rating on Cisco Systems, with a price target of $95.00.
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Tal Liani has given his Buy rating due to a combination of factors, including Cisco’s strong top-line performance and robust demand in its core networking franchise. Revenue growth outpaced expectations, supported by double‑digit product orders in both AI and traditional networking, with notable strength in campus switching, Wi‑Fi 7, and data center switching, while management anticipates security growth to improve as Splunk’s SaaS transition matures.
He also views current guidance and AI order assumptions as cautious, creating potential upside to future quarters despite near‑term margin pressure from hardware mix and sharply higher memory costs. Cisco’s positioning for campus refresh, expanding server and Industrial IoT opportunities, stable operating margins, substantial capital returns to shareholders, and a forward valuation around 18.5x earnings together underpin his view that the shares remain attractively priced relative to the company’s growth outlook.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $87.00 price target.