Citi analyst Atif Malik maintained a Buy rating on Cisco Systems (CSCO – Research Report) yesterday and set a price target of $71.00.
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Atif Malik has given his Buy rating due to a combination of factors that highlight Cisco Systems’ strategic positioning in the AI era. The company’s recent event, Cisco Live 2025, showcased its commitment to advancing technology with a focus on secure networking, which is crucial for AI deployment.
Cisco’s introduction of new products such as the Unified Cloud Management platform, Hybrid Mesh Firewall, and AI Canvas demonstrates its innovative approach to integrating AI and enhancing security. These developments, along with the company’s robust networking and security portfolios, position Cisco uniquely to capitalize on the growing demand for AI solutions, supporting Malik’s positive outlook.
According to TipRanks, Malik is a top 25 analyst with an average return of 28.8% and a 70.55% success rate. Malik covers the Technology sector, focusing on stocks such as Apple, Nvidia, and Cisco Systems.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $72.00 price target.