Cisco price target raised to $80 from $74 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the firm’s price target on Cisco (CSCO) to $80 from $74 and keeps an In Line rating on the shares after the company delivered a “strong” October quarter with revenue and EPS slightly ahead of expectations. AI infrastructure orders reached $1.3B this quarter, with expectations for AI-related revenue to hit $3B in FY26, showcasing significant momentum in this area, notes the analyst, who says the focus remains on sustaining these gains and improving security performance.