Morgan Stanley Raises Cisco (CSCO) Price Target to $130

Morgan Stanley analysts raised the price target on Cisco Systems (CSCO) to $130 from $120, while reiterating an Overweight rating on the stock. The decision, made on June 12, 2026, is driven by growing inference workloads and increasing CPU intensity.

Rating Change

• Previous Rating: Overweight with a $120 price target.
• Current Rating: Overweight with a $130 price target.

Analyst Rationale

Analysts believe that the growth in inference workloads and increasing CPU intensity are boosting demand for Cisco's products, particularly in networking and cloud computing. This trend supports the company's revenue growth and profitability in the long term.

Context

Cisco is considered one of the best dividend-paying stocks in the S&P 500 and has been included among the top 10 dividend stocks to buy now. No other analysts have commented yet, but the stock has performed positively recently.

Conclusion

The price target upgrade reflects analysts' confidence in Cisco's ability to capitalize on current technology trends. However, investors should assess sector risks before making any investment decision.