10 AI Stocks on Latest News and Ratings

4. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 61

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On January 28, Exane BNP Paribas analyst Karl Ackerman upgraded the stock to “Outperform” from Neutral with a price target of $72, up from $57. According to the firm, several catalysts are playing out in favor of Cisco Systems. These catalysts have the potential to boost Cicso’s revenue and earnings growth ahead of expectations. The analyst also told investors in a research note that ethernet “will start to flourish” in backend artificial intelligence networks this year. As such, the firm is “encouraged” to see Cisco’s growing presence at Meta Platforms with the 8501 switches that should begin to ramp in volume in Q1.