Jim Cramer Thinks Cisco (CSCO) Can “Run Further”

We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the stocks discussed by Jim Cramer.

Communications equipment manufacturer Cisco Systems, Inc. (NASDAQ:CSCO)’s shares are up by 85% over the past year and by 58% year-to-date. Bank of America discussed the firm on June 8th as it raised the share price target to $150 from $138 and kept a Buy rating on the stock. BofA’s coverage of Cisco Systems, Inc. (NASDAQ:CSCO) came after it conducted networking conferences to gauge the state of the market. Earlier, HSBC had raised the share price target to $137 from $77 and bumped the rating to Buy. At the center of its coverage was AI infrastructure demand, which the bank believes came out stronger than expected. Cramer regularly discussed Cisco Systems, Inc. (NASDAQ:CSCO), and in May, following the firm’s earnings, he remarked that it was the best quarter that he had ever seen. In a tweet on June 3rd, the CNBC TV host remained optimistic and claimed that the stock could go higher:

“Both Cisco and Palo Alto came in hot but i think they can run further. Mythos is such a game changer for these companies…”

Jim Cramer Thinks Cisco (CSCO) Can "Run Further"

Image by aymane jdidi from Pixabay

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 the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1