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Home/News Feed/HSBC upgrades Cisco to Buy, raising target to $137 on strong AI revenue growth outlook.
CSCO
$111.75
-$0.02 -0.02%

HSBC upgrades Cisco to Buy, raising target to $137 on strong AI revenue growth outlook.

Analyst Insights
15 May 2026
24/7 Wall Street
View Source
Bullish
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HSBC upgraded Cisco Systems from Hold to Buy and raised its price target to $137, citing accelerating AI infrastructure orders and a fiscal 2027 AI revenue forecast of at least $6 billion. This reflects a shift in Wall Street's view of Cisco from a legacy networking firm to a key player in AI, supported by strong quarterly results and a growing AI order book. Cisco's stock has surged 42% in the past month, with the upgrade reinforcing confidence in its AI-driven growth potential, though investors should consider cautious entry due to cyclical networking demand risks.

More News (CSCO)

Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

An analyst rates Cisco Systems as a buy with a $147 price target, suggesting 21% upside from its current price of $121. The positive outlook is based on growth drivers like hyperscaler AI infrastructure, enterprise AI orders, Wi-Fi 7, smart switches,...

Analyst Insights
Bullish
1 day ago
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