BofA analyst Tal Liani raised the firm’s price target on Cisco (CSCO) to $85 from $76 and keeps a Buy rating on the shares. While Cisco’s Q4 results and FY26 guidance “lacked a major spark,” they were slightly better than expectations, says the analyst, who adds that Cisco’s story is “about a revamped portfolio, a significant infrastructure cycle driven by AI and data growth, and constant improvement in execution.” Following the report, the firm fine-tuned estimates to account for better growth, the analyst noted.
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