Deutsche Bank Upgrades Cisco (CSCO) to Buy on AI Tailwinds

Deutsche Bank has upgraded Cisco Systems (CSCO) to Buy from Hold, citing accelerating AI-driven demand for networking infrastructure. Analyst Matthew Niknam raised the price target to $73 (11.4% upside), following the company''s strong Q3 FY2025 results and guidance.

The upgrade reflects three key catalysts: sustainable mid-single-digit growth fueled by AI adoption across webscale and enterprise segments, a 7-8% EPS CAGR through operational improvements, and competitive advantages in next-generation networking. Cisco shares gained 2.2% on the announcement, extending YTD gains to 11%.

Notably absent is any direct cryptocurrency linkage—the report focuses purely on traditional equity markets. No digital assets or trading platforms are mentioned in relation to Cisco''s AI infrastructure play.