Cisco Just Got a New Street-High Price Target. Should You Buy CSCO Stock Here?

One of the previous beneficiaries of the dot-com surge, shares of Cisco (CSCO) have had quite the journey over the course of two and a half decades. This is a company that's seen incredible cycles as a key provider of infrastructure and equipment to the IT sector. When it was the rise of the internet, Cisco surged in value. Now, with the rise of AI and other innovative technologies, Cisco does appear to be poised for another boom-driven rally in its share price.

At least, some of the experts on Wall Street are anticipating such a move. A recent note from analysts at UBS, which upgraded CSCO stock to a “Buy” from “Hold” and included a price target increase to $88 per share (the highest on the Street), has some investors wondering just how high Cisco could fly from here.