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Cisco shares rose after strong earnings and an analyst upgrade, citing AI growth potential.
Cisco shares rose 3.2% to $77.01 after Evercore ISI upgraded the stock to "outperform" and raised its price target to $100, citing strong AI revenue potential and demand in networking.
The move followed multiple analyst upgrades, with consensus rating remaining "moderate buy" and average price target at $86.81.
Cisco reported strong third-quarter earnings, beating expectations with $1.00 per share and $14.88 billion in revenue, while insiders sold over $81 million in shares in the past 90 days.
The company’s market cap stands at $304.27 billion, with solid financials and growing optimism over its AI and infrastructure strategy.
Las acciones de Cisco subieron después de fuertes ganancias y una mejora de analistas, citando el potencial de crecimiento de la IA.