UBS has increased its price target for Cisco Systems (CSCO) to $90 from $88, maintaining a Buy rating, due to strong demand from hyperscale customers and improved forecasts. Cisco's networking division saw a 15% year-over-year increase, driving earnings per share to $1, exceeding projections. The firm anticipates that new product ramps will bolster investor confidence in Cisco's long-term revenue growth goals of 4%-6% for fiscal years 2026 and 2027.

CSCO

<p>UBS has raised its price target for Cisco Systems Inc. (NASDAQ:CSCO) from $88 to $90, maintaining a Buy rating. This decision follows Cisco's strong quarterly earnings and improved forecast, driven by robust demand from hyperscale customers.</p>

UBS Raises Cisco Systems (CSCO) Price Target After Strong Hyperscale Customer Growth