Cisco Systems Inc. (CSCO) Price Target Raised to $96 by JPMorgan

Cisco Systems Inc. (NASDAQ:CSCO)is one of the 10 Best Data Center Stocks to Buy for the Long Term. The stock is up 51.58% from its price a year ago and 11.13% year-to-date. On April 16, JPMorgan raised its price target on CSCO to $96 from $95 and kept an Overweight rating on the shares. JPMorgan expects AI infrastructure investments across server, switches, copper interconnects, and optical to drive upside to AI-levered suppliers in the first quarter.

Ken Wolter / Shutterstock.com

Cisco earlier reported 10 percent revenue growth for the quarter ending January 24, 2026. Cisco said second-quarter net income on a GAAP basis registered at $3.2 billion or $0.80 per share, while non-GAAP net income was $4.1 billion or $1.04 per share.

Chuck Robbins, chair and CEO of Cisco, was encouraged by the results. In a statement, he said:

“Cisco’s strong second quarter and first half of fiscal 2026 demonstrate both the power of our portfolio and the fundamental role we continue to play in connecting and protecting customers in a rapidly evolving landscape.”

“With over 40 years of customer trust, global scale, and a relentless focus on innovation, we believe Cisco is uniquely positioned to deliver the trusted infrastructure needed to securely and confidently power the AI-era,” he added.

Cisco Systems Inc. (NASDAQ:CSCO) designs, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-technology services and products. The company’s offerings include routers, switches, cybersecurity solutions, and collaboration tools, serving a wide range of industries and customers globally.

READ NEXT: 10 Best Military Drone Stocks to Buy Right Now and 10 Best Internet Content and Information Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.