20 Trending AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 61

Cisco Systems, Inc. (NASDAQ:CSCO is an American multinational digital communications technology conglomerate developing, manufacturing, and selling networking hardware, software, telecommunications equipment, and other high-technology services and products. Cisco’s strategy for AI features a processor specifically engineered to address AI networking needs, capitalizing on its AI capabilities to strengthen security, observability, and more.

On October 14, Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Cisco Systems based on AI-driven growth prospects and set a price target of $78. The Buy rating comes due to the company’s strategic business advancements and strong financial health. The optimism also comes from increasing demand for advanced AI-driven high-speed network bandwidth and security services. Moreover, the company’s transition to a subscription-based revenue model is expected to drive long-term shareholder value, while its focus on integrating AI into its products is also opening new growth opportunities.

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