Cisco Systems Inc. (CSCO) Receives Buy Rating from BofA Securities Amid Strong AI and Data Center Demand

Cisco Systems Inc. (CSCO) has been rated a Buy by BofA Securities with a price target of $95 due to strong demand for its AI and data center products. The firm's tone was positive, particularly regarding data center buildouts and early enterprise AI analysis applications. Cisco is also seeing greater client utilization of enterprise-agreement purchasing schemes, which promotes security product adoption among customers.