On Nov 15, major Wall Street analysts update their ratings for $Cisco (CSCO.US)$, with price targets ranging from $62 to $66.
Morgan Stanley analyst Meta Marshall maintains with a buy rating, and adjusts the target price from $58 to $62.
Jefferies analyst George Notter maintains with a buy rating, and maintains the target price at $66.
Evercore analyst Amit Daryanani maintains with a buy rating, and adjusts the target price from $60 to $65.
Rosenblatt Securities analyst Michael Genovese maintains with a hold rating, and adjusts the target price from $58 to $66.
Furthermore, according to the comprehensive report, the opinions of $Cisco (CSCO.US)$'s main analysts recently are as follows:
Cisco's Q1 performance modestly surpassed expectations, primarily driven by Splunk's notable outperformance. Analysts note that the U.S. Federal segment is an important aspect to monitor, but overall, they remain bolstered in their positive stance on the company's prospects.
Cisco experienced a Q1 revenue decline that was marginally better than market expectations, with a decrease of 5.6% compared to the anticipated 6.1%. Earnings per share also surpassed consensus estimates. Guidance for FY25 revenue was increased by roughly $200 million, largely reflecting the positive results. The potential for growth acceleration in the latter half of the year is supported by robust order growth in Cloud/AI and Security segments. Updated business models reflect these enhancing business trends.
Cisco's product orders have shown an increase of 9%, which indicates a positive turn in the company's business trajectory. This growth follows a 6% rise in the previous quarter. Despite the unpredictability surrounding the timing of AI revenue recognition, expectations are set for it to commence in the latter half of 2025 based on company commentary. Furthermore, while the company's recent record gross margins and the forecasted range of 68%-69% for FY25 are encouraging, they warrant a cautious approach.
The recent fiscal Q1 report has led analysts to focus on Cisco's modest outperformance and updated guidance, which was balanced by better-than-anticipated artificial intelligence orders and positive developments in core networking orders. Despite this, the limited adjustment to the fiscal 2025 growth forecast and consistent AI guidance has been a point of contention. Nonetheless, the potential advantages for Cisco arising from the growing opportunities in AI networking and the enhancement of its valuation are seen as significant factors.
Cisco's fiscal Q1 sales performance met expectations while an outperformance in margins led to surpassing earnings projections. It was anticipated that order growth, excluding certain acquisitions, would be higher. Nonetheless, there is a sense that the business has found a stable footing. Despite this, growth prospects up to fiscal 2025 appear restrained, even when considering the lower baseline for comparison.
Here are the latest investment ratings and price targets for $Cisco (CSCO.US)$ from 4 analysts:
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美东时间11月15日，多家华尔街大行更新了$思科 (CSCO.US)$的评级，目标价介于62美元至66美元。
摩根士丹利分析师Meta Marshall维持买入评级，并将目标价从58美元上调至62美元。
富瑞集团分析师George Notter维持买入评级，维持目标价66美元。
Evercore分析师Amit Daryanani维持买入评级，并将目标价从60美元上调至65美元。
罗森布拉特证券分析师Michael Genovese维持持有评级，并将目标价从58美元上调至66美元。
此外，综合报道，$思科 (CSCO.US)$近期主要分析师观点如下：
思科的Q1表现略高于预期，主要受splunk显著超越的推动。分析师指出，美国联邦区间是一个重要的监控方面，但总体上，他们对公司前景持积极态度。
思科经历了Q1营业收入下降，比市场预期稍好，降幅为5.6%，而预期为6.1%。每股收益也超过共识预期。FY25营业收入指引增加了约20000万美元，主要反映了积极的结果。在Cloud/AI和安防-半导体区间的订单增长强劲支撑下，公司后半年增速潜力加大。更新的业务模式反映了这些积极的业务趋势。
思科的产品订单增长了9%，表明公司业务轨迹出现积极转变。这一增长紧随上一季度6%的增长。尽管人工智能营业收入确认时间的不确定性问题，市场预期其将在2025年下半年开始，基于公司的评论。此外，尽管公司最近的毛利率纪录和FY25预测范围为68%-69%令人鼓舞，但这些也需要谨慎对待。
最近发布的财报Q1让分析师关注思科的适度超越和更新后的指引，这得益于人工智能订单超出预期和核心网络订单的积极发展。尽管如此，对2025财年增长预测的有限调整和持续的人工智能指引已成为争议焦点。然而，思科在人工智能网络的增长机会和其估值增强方面的潜在优势被视为重要因素。
思科的财务Q1销售表现符合预期，而边际增长超过了盈利预测。预计订单增长（不包括某些收购）会更高。尽管如此，人们认为业务已稳定。尽管如此，即使考虑到更低的基准做比较，截至2025财年的增长前景似乎受到限制。
以下为今日4位分析师对$思科 (CSCO.US)$的最新投资评级及目标价：
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