Top 9 AI Ratings and News Updates on Wall Street’s Radar

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

Number of Hedge Fund Holders: 84

Cisco Systems Inc. (NASDAQ:CSCO) is a technology firm that designs, builds, and markets networking software and hardware, as well as telecommunications equipment for global clients.

On March 26th, Melius Research Ben Reitzes highlighted three reasons for favouring the stock. He highlighted recent deals with Nvidia Corp. (NASDAQ:NVDA), which gives Cisco Systems Inc. (NASDAQ:CSCO) “a shot to be on the right side of AI in the enterprise.” The analyst added that a major campus switch refresh in H2 2025 “should bode well for a pickup in networking orders.” He noted that the company’s security strategy is “finally taking hold,” which the firm believes would help the multiple.  “In short, Cisco is attractively priced and could be in the early innings of rerating,” the analyst wrote in a note to investors. The brokerage maintained a “Buy” rating on the stock with a 12-month stock price target of $79 per share.