Cisco (CSCO) PT Raised to $125 at KeyBanc; 'F3Q26 Firing on All Cylinders'

KeyBanc analyst Brandon Nispel raised the price target on Cisco (NASDAQ: CSCO) to $125.00 (from $87.00) while maintaining an Overweight rating.

The analyst commented: "F3Q26 Firing on All Cylinders; We remain OW CSCO and raise our PT to $125 on meaningfully higher estimates and a higher valuation multiple. CSCO's F3Q results handily beat expectations with order growth accelerating to 35% (+19% ex AI Hyperscalers), and FY26 guidance being raised above expectations. Looking forward to 2027, it appears likely CSCO is well above its prior target model of 4-6% growth, where we see a bull case of accelerating revenue growth in 2027. While the stock is expensive, the business appears to be executing well and we believe valuation is justified so long as order momentum is maintained in DDs."

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