Wells Fargo Upgrades Cisco Stock to Overweight with Increased Price Target

Reported 3 months ago

Wells Fargo has upgraded Cisco Systems, Inc. (CSCO) stock from equal weight to overweight, raising the price target from $72 to $75, driven by accelerating AI momentum and the company's ability to exceed its $1 billion cumulative order target for the fiscal year. As Cisco explores new AI opportunities, it ranks 7th among trending AI stocks on Wall Street.

Source: YAHOO

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