UBS analyst David Vogt upgraded Cisco (CSCO) to Buy from Neutral with a price target of $88, up from $74. The firm sees a “multi-year growth cycle” for the company, driven by artificial intelligence infrastructure demand, a “large-scale” Campus refresh cycle, and momentum in security. Cisco has secured over $2B in AI orders in fiscal 2025, nearly all from hyperscalers, while its Campus refresh cycle is accelerating, the analyst tells investors in a research note.
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