Cisco Systems, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Tal Liani from Bank of America Securities maintained a Buy rating on the stock and has a $85.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tal Liani has given his Buy rating due to a combination of factors that highlight Cisco Systems’ potential for growth and value. One of the primary reasons is the presence of four significant growth catalysts: the campus switching refresh cycle, share gains in Hyperscalers’ AI buildouts, improved growth in the security segment, and synergies from the acquisition of Splunk. These factors are expected to drive the company’s performance and contribute to stock appreciation.
Additionally, Cisco’s valuation is considered attractive, trading at a 17x forward EV/FCF multiple. The networking segment, which is the largest part of Cisco’s business, has shown strong growth driven by cloud and enterprise infrastructure cycles. Despite some near-term challenges in the security segment, the overall outlook remains positive, leading to the maintenance of the Buy rating with a price objective of $85.
According to TipRanks, Liani is a 5-star analyst with an average return of 8.8% and a 58.00% success rate. Liani covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Ciena, and Cisco Systems.
In another report released on September 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $76.00 price target.