10 Buzzing AI Stocks on Wall Street

6. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 82

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the 10 Buzzing AI Stocks on Wall Street.  On August 14, Piper Sandler analyst James Fish lowered the price target on the stock to $64.00 (from $70.00) while maintaining a Neutral rating.

Fish noted how Cisco’s quarterly results were roughly in-line, and that FY26 guide came in below what bulls were hoping for. This is raising questions about “peak growth x peak multiple” being already seen, with second half of 2026 guide implying less than 5%.

However, the firm believes that the narrative for Cisco remains unscathed owing to artificial intelligence.

“However, the narrative here remains unscathed, as Cisco will see the ~$1B AI orders in F2H25 flow into FY26 revenue, further AI-infrastructure spend (including across customer-bases), campus refresh, datacenter refresh & modernization, growing Enterprise & Neoclouds traction, and Splunk cross-sell and cost-synergies. FY26 guide looks about how we anticipated and realistic, particularly for an incoming CFO. The debate from here will be sustainability, and while we remain optimistic around the narrative across multiple fronts, even an upside numbers scenario is already embedded in the stock at these levels. Reit. Neutral, PT to $70.”