Cisco Systems (CSCO) – Among the 10 Best S&P 500 Dividend Stocks to Buy Right Now

Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 10 Best S&P 500 Dividend Stocks to Buy Right Now.

Cisco Systems (CSCO) - Among the 10 Best S&P 500 Dividend Stocks to Buy Right Now

Photo by Dan Dennis on Unsplash

On June 12, Morgan Stanley raised its price recommendation on Cisco Systems, Inc. (NASDAQ:CSCO) to $130 from $120. It reiterated an Overweight rating on the shares. The firm said that growing inference workloads and increasing CPU intensity are driving a new wave of front-end infrastructure upgrades. Against that backdrop, Morgan Stanley views Cisco and Arista Networks (ANET) as its preferred ways to benefit from what it considers “an underappreciated front-end networking refresh cycle.”

Earlier, on June 8, BofA raised its price goal on Cisco to $150 from $135. It kept a Buy rating on the stock. The firm also increased price targets for Arista Networks and Extreme Networks (EXTR) following a series of networking-focused sessions held during its Global Technology Conference in San Francisco.

Cisco Systems, Inc. (NASDAQ:CSCO) develops and sells a broad range of technologies that support the internet. The company is integrating its product portfolio across networking, security, collaboration, applications, and cloud services.

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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