The Best and Worst Dow Stocks for the Next 12 Months

Page 20 of 29

10. Cisco Systems Inc. (NASDAQ:CSCO)

Upside Potential: 25.8%

Market Cap: $221 billion

Number of Hedge Fund Holders: 84

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 various industries and customers globally.

On March 12, Bank of America Securities analyst Tal Liani reiterated a Buy rating for Cisco Systems Inc. (NASDAQ:CSCO) with a price target of $76. He highlighted positive insights from the company’s CFO and Chief Strategy Officer, which implied growth opportunities in Campus switching and AI infrastructure. According to him, the company’s strong product portfolio positions it well to capitalize on the demand for AI infrastructure build-out. He also noted that the company has already received substantial AI-related orders, which could help it generate higher revenue. Incrementally, Cisco’s recent partnership with Nvidia boosts its opportunities in the expanding AI market.

Page 20 of 29