BofA Raises Cisco's Target Price: Q3 Results Drive Revision

Bank of America (BofA) has revised its price target for Cisco's stock upward following the company's third-quarter financial results. The investment bank set a new target price after evaluating Cisco's performance. Cisco's reported third-quarter earnings showed revenue and profit margin improvements that exceeded expectations. These positive data points boosted BofA analysts' confidence in the company's future growth potential. BofA emphasized that demand for Cisco's networking hardware and software solutions remains strong. In particular, an increase in orders from enterprise customers was cited as a key factor supporting the company's revenue outlook. Analysts also viewed Cisco's financial discipline and cash flow generation capabilities favorably. The company's share buyback program and dividend policy offer attractive return potential for investors. This is not investment advice.

📊 CSCO — Piyasa Yorumu

▲ up · 65%

BofA's target price increase confirms Cisco's strong Q3 results and boosts corporate confidence. Technically, the stock is trading above its 20- and 50-day moving averages, with the RSI near 60, supporting a short-term bullish trend. Although the MACD line is just below the signal line, remaining in positive territory suggests momentum could continue. However, following a 1.57% rise in the last 24 hours, there is a risk of short-term profit-taking. Therefore, the bullish outlook is supported with moderate confidence.

RSI 14

59.6

MACD

0.68

24h Δ

1.57%

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