Why Cisco’s AI and Networking Tailwinds Point to $98.76 in 12 Months

1 hour ago 1

Vandita Jadeja

Wed, April 22, 2026 astatine 10:37 AM CDT 4 min read

Cisco (CSCO) reported Q2 gross of $15.3B, beating estimates by 1.49%, with hyperscaler AI orders accelerating to $2.1B successful the 4th and field networking gross up 21% year-over-year, supported by a $42.9B backlog of remaining show obligations.
Cisco’s AI infrastructure buildout and field networking refresh rhythm presumption the institution for sustained growth, though information conception gross declined 4% year-over-year and operating currency travel fell 18.7%, raising concerns astir imaginable borderline compression from tariff escalation.
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Cisco Systems (NASDAQ:CSCO) has rallied sharply, but investors privation to cognize if the gains tin continue. Our exemplary sees a wide way higher. The 24/7 Wall St. terms people for Cisco is $98.76, implying upside of 12.6% implicit the adjacent 12 months. Our exemplary carries a precocious (90%) assurance level.

Metric

Value

Current Price	$87.71
24/7 Wall St. Price Target	$98.76
Upside Potential	12.6%
Model Signal	Bullish
Confidence Level	90%

Cisco trades adjacent its 52-week precocious of $88.35, yet our exemplary finds meaningful upside ahead. The AI infrastructure buildout, field networking refresh cycle, and accordant net beats enactment the bull thesis.

Cisco shares person surged 60.89% implicit the past twelvemonth and are up 15.09% year-to-date, outpacing the broader market. The one-month summation of 13.56% reflects renewed capitalist conviction. Shares beryllium conscionable 1% beneath the 52-week precocious of $88.35, with a 52-week debased of $53.36 present distant.

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The astir caller 4th delivered different beat. Revenue came successful astatine $15.3 billion, topping estimates by 1.49% and increasing 9.7% year-over-year. Non-GAAP EPS of $1.04 bushed statement of $1.0221. Net income surged 30.77% YoY to $3.175 billion.

AI infrastructure orders accelerated sharply. Cisco logged $2.1 cardinal successful hyperscaler AI orders successful Q2 FY2026 alone, up from $1.3 cardinal successful Q1 FY2026 and $800 cardinal successful Q4 FY2025.

The field networking refresh rhythm is driving networking conception gross up 21% year-over-year successful the caller quarter. WiFi 7 adoption, caller acquisitions, and a remaining show obligations backlog of $42.9 cardinal (up 7%) constituent to durable gross visibility.

In the bull scenario, our exemplary projects Cisco reaching $113.38 by April 2027, a 29.27% full return. The 18 bargain oregon beardown bargain expert ratings with zero merchantability ratings underscore wide Wall Street conviction.

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