UBS raised the firm’s price target on Cisco (CSCO) to $74 from $70 and keeps a Neutral rating on the shares. Increasing campus and data center demand should drive a beat, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSCO:
- Cisco, Texas Instruments, Vertiv, Coinbase, Paramount: Trending by Analysts
- Private Markets: Scale rival Surge AI in talks for funding at $25B value
- U.S. strikes EU trade deal, Samsung to make AI6 chips for Tesla: Morning Buzz
- Nike upgraded, Coinbase downgraded: Wall Street’s top analyst calls
- Cisco downgraded to In Line from Outperform at Evercore ISI