Citi Raises Cisco Systems, Inc. TP to USD112; Quarterly Results Beat, Rating Buy
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Citi has raised its price target for Cisco Systems, Inc. to USD112 following better-than-expected quarterly results. Cisco reported a 35% YoY increase in product orders and raised its FY2026 AI order forecast from USD5 billion to USD9 billion. EPS forecasts for FY2026 to FY2028 were increased by 3%, 7%, and 8%, respectively, while maintaining a Buy rating.
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