Cisco price target raised to $95 from $85 at BofA

BofA raised the firm’s price target on Cisco (CSCO) to $95 from $85 and keeps a Buy rating on the shares. Very strong orders for AI networking, a $3B FY26 AI revenue target and the strong drive from a campus refresh were among the highlights of the quarter, the analyst tells investors. The Networking cycle “has legs” and the company is positioned to benefit from the campus refresh and AI cycle, especially as AI expands to enterprise environments, the analyst added.