10 High-Flying AI Stocks on News and Ratings

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

Number of Hedge Fund Holders: 60

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On February 13, BofA raised the firm’s price target on the stock to $76 from $72 and kept a “Buy” rating on the shares. The firm noted that fiscal Q2 results and Q3 and FY25 guidance came in above expectations.

One reason is the strong demand for AI infrastructure buildouts across Cloud, SP, and Enterprise verticals. Moreover, the macro demand backdrop is also picking up following a few years of inventory absorption. The analysts further added that they anticipate continued growth in the second half and 2026 for Cisco.