JPMorgan analyst Samik Chatterjee raised the firm’s price target on Cisco (CSCO) to $95 from $90 and keeps an Overweight rating on the shares as part of a fiscal Q2 preview. While the shares are trading at a “near-term peak valuation multiple,” Cisco can post upside to estimates on an acceleration in revenue growth, the analyst tells investors in a research note. JPMorgan believes the company’s partnership with Nvidia positions it well for enterprise AI adoption in the future.
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