Tigress Financial raised the firm’s price target on Cisco (CSCO) to $76 from $73 and keeps a Buy rating on the shares. Cisco will continue to benefit from increasing demand for smart AI-driven high-speed networks bandwidth and security, while the acquisition of software developer Splunk (SPLK) will further accelerates its security and AI capabilities, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CSCO: