UBS lifts Cisco to Buy, sees ’multi-year growth cycle’ driven by AI and security By Investing.com
Update: 2025-11-03
Description
UBS upgrades Cisco Systems from Neutral to Buy, setting a new price target of $88, due to anticipated growth from AI infrastructure demand, hardware refreshes, and security business momentum. Cisco secures over $2 billion in AI-related orders, with two-thirds running on Cisco's Silicon One chips. Enterprise and government orders approach $1 billion, setting Cisco up for steady growth. Network hardware upgrades and strong security product sales further boost Cisco's prospects, making it a potential bargain among big tech stocks.
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