Evercore ISI analyst Amit Daryanani upgraded Cisco (CSCO) to Outperform from In Line with a price target of $100, up from $80. While investors will debate if Cisco is cyclical or secular, the firm sees “plenty of tailwinds” to ensure Cisco can sustain high single-digit sales and low-teens EPS growth on a multi-year basis, including a campus refresh, AI momentum, the recovery in traditional enterprise and telco markets; and EBIT margin expansion. A resurgence in core Networking coupled with AI acceleration can enable EPS greater than $5.00 by FY27, the analyst tells investors.
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