Cisco shares climb as network gearmaker raises forecast, eases tariff worries
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Rosenblatt Upgrades Cisco (CSCO) to Buy
February 13, 2025 6:48 AM ESTRosenblatt analyst Mike Genovese upgraded Cisco (NASDAQ: CSCO) from Neutral to Buy with a price target of $80.00.
The analyst comments "We have been arguing that Extreme (EXTR, Buy) and Juniper (JNPR, Neutral) deserve multiple expansion, from 15x/16x forward PE to 20x or greater, due to growth in software subscriptions/ARR/RPOs, and as AI becomes a larger driver of total business. We are upgrading Cisco to Buy... More
