10 Stocks That Received Analyst Approval This Week

1. Cisco Systems Inc. (NASDAQ:CSCO)

Cisco Systems Inc. is a multinational company that sells, manufactures, and designs internet protocol-based networking and other telecommunication products. Citi’s analysts are optimistic about the company’s short-term prospects and have added it to their 30-day Catalyst Watch list.

The main reason for this short-term optimism is the return to growth of the campus switching market. The said networking and equipment market normalized and returned to growth in the fourth quarter of 2024, which should be reflected in the upcoming earnings report. The campus switching market is about 20% of the company’s total sales, so growth here will have a significant impact on the company’s topline.

The company’s share price performance was quite attractive in the past month. There was an upward trend with a 3.5% gain in the stock’s price in the last 5 trading days. The company’s profile and potential for growth make it a worthy consideration for investors.

Cisco Systems Inc. is not on our latest list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held CSCO at the end of the third quarter which was 61 in the previous quarter. While we acknowledge the potential of CSCO as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as CSCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.