Cisco stock jumps near a 52-week high as Wall Street eyes earnings and a fresh JPMorgan target
Cisco Systems shares rose 2.2% to $86.66 Monday, nearing a 52-week high ahead of its quarterly results due Wednesday. JPMorgan raised its price target to $95, citing potential for revenue growth and AI momentum. Options markets are pricing in a nearly 6% post-earnings swing. Wall Street expects $1.02 earnings per share on $14.88 billion in revenue.