Citi upgrades Cisco, ups price target over AI growth forecasts

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Citigroup analysts upgrade Cisco Systems (CSCO) stock from Neutral to a Buy rating and up their price target from $52 to $62 per share.

Market Domination co-hosts Julie Hyman and Josh Lipton look into the analyst note highlighting Cisco will largely benefit from growth in the total addressable market (TAM) for ethernet AI.

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This post was written by Luke Carberry Mogan.