Morgan Stanley Rates Cisco Systems (CSCO) buy, $130 Price Target

Morgan Stanley maintains a buy rating on Cisco Systems with a price target of $130, a 8.72% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 17, 2026, 1:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Morgan Stanley rated Cisco Systems, Inc. ($CSCO) "buy" with a $130 price target on June 12, 2026.

Since the rating, $CSCO is up 0.4% after 1 week, down 1.2% after 1 month and down 10.6% to date (from the $120.18 close on Jun 12, 2026).

CSCO Cisco Systems, Inc.

$107.39 +43.07% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its buy rating on Cisco Systems, Inc. (CSCO) with a price target of $130, while the stock is currently trading at $119.57.
Morgan Stanley's $130 price target implies 8.72% upside from Cisco Systems, Inc.'s ($CSCO) current $119.57 share price.
Cisco's shares have traded between $68.95 and $130.37 over the past year, suggesting potential for price appreciation toward the new target.
Analysts have a consensus target mean price of $136.16 for Cisco, reflecting optimism in its growth prospects.

Get $CSCO trade alerts by text

We text you when insiders, Congress or big funds trade $CSCO. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Cisco Systems, Inc. alert may contain errors. Disclosures

Morgan Stanley's Updated Outlook

On June 12, 2026, Morgan Stanley reiterated its buy rating on Cisco Systems, Inc. (CSCO) with a price target of $130. The stock was trading at $119.57 at the time of the report. This suggests there’s potential for growth, as the current price is well below the target.

Analysts Set New Price Targets

Morgan Stanley's decision reflects the confidence in Cisco's performance, especially given its recent trading range between $68.95 and $130.37 over the past year. While Morgan Stanley stands firm on its buy rating, several other analysts have also weighed in on Cisco recently. For instance, on September 30, 2026, Bernstein initiated coverage with a Market Perform rating and a target of $110. Piper Sandler maintained a Neutral rating with a reduced target of $125 on September 22, 2026. Deutsche Bank initiated a Buy rating with a target of $135 on September 1, 2026, while HSBC downgraded its rating to Hold with a target of $120 on August 14, 2026. These varied opinions illustrate a mix of optimism and caution among analysts regarding Cisco's future performance.

Stock Performance and Implications

Cisco shares are trading at $119.57, which is close to the 50-day moving average of $111.89 and significantly above the 200-day moving average of $99.40. This positioning may indicate strong momentum as the stock approaches its target from Morgan Stanley. Investors will likely keep an eye on how the stock performs against the backdrop of these analyst ratings.

12-month forecast

$CSCO price target

Cisco Systems, Inc. daily closes and this analyst's $130 target. Not advice.

Recent Earnings

Cisco reported revenues of approximately $63.32 billion, reflecting a revenue growth of 17.6%. The company had an EPS of $3.33, with a net margin of 20.95% and a return on equity (ROE) of 27.32%. Cisco's next earnings report is scheduled for November 12, 2026, which could further influence analyst sentiment and stock performance.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C+ 66/100

Reported May 13, 2026

Forward outlook
11 analysts raised price targets.
EPS & revenue
EPS met estimates. Revenue beat estimates by 2.7%.
Profit surprise
EBITDA missed by 24 percent. Operating income missed by 58 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
1 upgrade, 11 target raises.
Earnings quality
Gross margin down 1.9 points. Operating margin up 2.4 points. Positive free cash flow.

Earnings Call Summary

Cisco delivered record 15.8 billion dollar revenue in the quarter, up 10 percent year over year, with networking revenue surging 21 percent driven by AI infrastructure demand and campus switching upgrades. The company shipped its millionth Silicon One chip, unveiled its new 102.4 terabit G300 processor, and expects strong AI orders exceeding 5 billion dollars for the year, though security revenue declined 4 percent due to Splunk transition to cloud subscriptions. Strong product order growth of 18 percent, especially from hyperscalers up 65 percent, shows broad momentum despite gross margin compression from memory cost inflation.

Guidance Cisco guided for full-year revenue of about 61.5 billion dollars and earnings per share of 4.15 dollars, putting the company on track for its strongest year. The company also raised its AI infrastructure order target to over 5 billion dollars for fiscal 2026, expecting to recognize more than 3 billion dollars in AI revenue.

Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.

What Cisco Systems, Inc. Does

Cisco Systems, Inc. designs and sells technology solutions that help businesses and governments securely connect and communicate through the internet. With a strong presence in various sectors, including network security and collaboration tools, Cisco remains a key player in the technology industry.

What's Next for Cisco

Looking ahead, investors will be watching Cisco's upcoming earnings report and any further analyst ratings or target adjustments. The reiterated buy rating from Morgan Stanley reflects confidence in Cisco's prospects, but market dynamics and competition will remain important factors to consider.