Cisco (CSCO) Price Target Raised to $130 by KeyBanc on AI Growth

AI Summary

KeyBanc raised its price target for Cisco Systems, Inc. (CSCO) to $130 from $125 while maintaining an Overweight rating on June 25, 2026. This move comes amid a notable increase in AI and AI-readiness spending priorities, according to a recent CIO survey. Additionally, Morgan Stanley raised its price target on CSCO to $130 from $120, citing a front-end networking refresh cycle. These developments highlight Cisco's strategic position in the growing AI infrastructure market, potentially impacting its stock performance positively.