---
title: "《大行》美银证券指思科业务稳步改善 上调目标价至 85 美元"
description: "美银证券报告指出，思科的业务稳步改善，主要得益于产品组合革新、人工智能和数据增长的推动。尽管财报和指引没有重大亮点，但收入同比增长 7.6%，略高于市场预期的 7.3%。每股盈利为 98 美仙，超出预期。美银将思科目标价从 76 美元上调至 85 美元，维持「买入」评级。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/253388547.md"
published_at: "2025-08-18T03:53:43.000Z"
---

# 《大行》美银证券指思科业务稳步改善 上调目标价至 85 美元

> 美银证券报告指出，思科的业务稳步改善，主要得益于产品组合革新、人工智能和数据增长的推动。尽管财报和指引没有重大亮点，但收入同比增长 7.6%，略高于市场预期的 7.3%。每股盈利为 98 美仙，超出预期。美银将思科目标价从 76 美元上调至 85 美元，维持「买入」评级。

美银报告指，思科 (CSCO.US) 故事围绕着产品组合革新、人工智能和数据增长推动的重大基建周期，以及执行力的持续改善。虽然财报和指引缺乏重大亮点，但略高於预期，收入按年升 7.6%，略高於市场预期的 7.3%，利润率符合预期，每股盈利 98 美仙，较市场预期高 1 美仙。这些结果反映多方面的稳步改善，包括扣除联邦政府部门後订单增长 10%，强劲的网络趋势以及安全业务增长的复苏。

该行对思科的业绩预测进行微调，重申对思科「买入」评级，目标价从 76 美元上调至 85 美元，为 2026 年企业价值对比自由现金流的 20 倍，此前为 18 倍。

### Related Stocks

- [CSCO.US - 思科](https://longbridge.com/zh-CN/quote/CSCO.US.md)

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