Posted 4/9/2024, 12:01:51 PM
Cisco Stock Poised for Gains Due to AI Traction, Undervalued Shares
- Analysts see potential for Cisco stock to outperform due to upcoming investor day and increased traction in AI
- Sentiment towards Cisco is weak and valuation is depressed, presenting opportunity
- Recent Splunk acquisition could improve sentiment on Cisco stock
- Morgan Stanley sees too much value in Cisco stock given end-market growth prospects
- Cisco could be an AI winning stock given $1B+ in expected AI orders and enterprise reach