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, industrial IoT, and buybacks, expected to add $0.59 to EPS by 2027. The price target is derived from a 30x forward P/E applied to an estimated 2027 EPS of $4.90. Risks include slower AI revenue growth, margin pressure, and weaker demand for campus refreshes.