Cisco: Expecting Strong AI Orders In FY 2025, Raising My Intrinsic Value Target
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Cisco is expected to have a strong 2024, driven by growth in Cloud/AI and Security segments. The company's Q1 results exceeded expectations, with a 20% increase in product orders. The intrinsic value target for Cisco's stock has been raised to $68, maintaining a buy rating.
December 18, 2024 | 1:00 pm
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Cisco's Q1 results exceeded expectations with strong EPS and revenue, and a 20% increase in product orders. The company's growth in Cloud/AI and Security segments is promising for 2024, leading to a raised price target of $68.
Cisco's strong Q1 performance and growth in key segments like Cloud/AI and Security suggest a positive outlook. The raised price target reflects improved earnings and undervaluation compared to peers, indicating potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100