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<Research> Citi Raises Cisco Systems, Inc. (CSCO.US) TP to USD112; Quarterly Results Beat, Rating Buy
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Citi issued a research report stating that Cisco Systems, Inc. (CSCO.US) delivered better-than-expected results for its third fiscal quarter ended April 25. Benefiting from rising demand, total product orders increased 35% YoY. Cisco raised its FY2026 artificial intelligence order forecast from the previous USD5 billion to USD9 billion, while the related revenue forecast was lifted from USD3 billion to USD4 billion. The bank raised its EPS forecasts for Cisco Systems, Inc. for FY2026 to FY2028 by 3%, 7% and 8%, respectively, and increased its TP from USD90 to USD112 to reflect the growing artificial intelligence backlog, maintaining a Buy rating. (sl/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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