We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks.
Cisco Systems, Inc. (NASDAQ:CSCO) is one of the stocks discussed by Jim Cramer
Communications equipment manufacturer Cisco Systems, Inc. (NASDAQ:CSCO)’s shares are up by 85% over the past year and by 58% year-to-date. Bank of America discussed the firm on June 8th as it raised the share price target to $150 from $138 and kept a Buy rating on the stock. BofA’s coverage of Cisco Systems, Inc. (NASDAQ:CSCO) came after it conducted networking conferences to gauge the state of the market.
Earlier, HSBC had raised the share price target to $137 from $77 and bumped the rating to Buy. At the center of its coverage was AI infrastructure demand, which the bank believes came out stronger than expected. Cramer regularly discussed Cisco Systems, Inc. (NASDAQ:CSCO), and in May, following the firm’s earnings, he remarked that it was the best quarter that he had ever seen.