Cisco (CSCO) Rated Buy on Strong AI and Data Center Demand

Cisco Systems Inc. (NASDAQ:CSCO) ranks among the best most active stocks to buy right now. On March 9, BofA Securities reaffirmed its Buy rating for Cisco Systems Inc. (NASDAQ:CSCO), with a price target of $95. The firm recently met with Gordon Thomson, President of Cisco’s EMEA division, to talk about the company’s visibility strategy, component pricing behavior, EMEA demand trends, and the growing sovereign and Neocloud opportunities.

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According to BofA, Cisco management’s tone was positive, especially regarding data center buildouts and early enterprise AI analysis applications.

BofA also stated that Cisco Systems Inc. (NASDAQ:CSCO) is seeing greater client utilization of enterprise-agreement purchasing schemes. The firm states that customers are increasingly valuing license portability and multi-year flexibility in these packaged deals. BofA added that this contract arrangement also promotes security product adoption among Cisco’s customers.

Cisco Systems Inc. (NASDAQ:CSCO) is a technology company that designs, manufactures, and sells networking hardware, software, and telecommunications equipment to connect the world. Its products and services span networking, security, collaboration, and cloud management, providing the critical infrastructure for businesses and communities to operate and thrive in the digital age.

While we acknowledge the risk and potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CSCO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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