Morgan Stanley Raised PT on Cisco from $67 to $70, Keeps Overweight Rating

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the Best Cybersecurity Stocks to Buy Under $100. On July 18, Morgan Stanley raised the price target on Cisco Systems, Inc. (NASDAQ:CSCO) stock from $67 to $70, keeping its Overweight rating.

Meta Marshall from Morgan Stanley increased the price target on CSCO following the firm’s quarterly Enterprise value added reseller call. Marshall hosted the reseller call and pointed out that Cisco’s Q2 VAR performance was in line with slightly above expectations. This indicates that its checks point to clear improvement in spending patterns in May and June compared to April 2025.

On the other hand, Evercore ISI has downgraded CSCO from Outperform to In-Line. The analyst at Evercore mentioned, “Cisco will struggle to get credited as an AI winner without disclosing AI revenue numbers. Thus far, they have only disclosed AI orders.”

Cisco Systems, Inc. (NASDAQ:CSCO) designs and sells various technologies that power the Internet. The company is integrating its product portfolios across networking, security, collaboration, applications, and cloud. The company integrates its cybersecurity solutions, such as Secure Malware Analytics, Cloudlock, and Duo Security, into networking products and services to serve networks.

While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.