Bank of America Raises Cisco Price Target to $135 as Stock Nears 52-Week High

May 28, 2026

By TrendSpider Editor

Bank of America Raises Cisco Price Target to $135 as Stock Nears 52-Week High

Bank of America analyst Tal Liani has reaffirmed a Buy rating on Cisco Systems while lifting the price target from $114 to $135, a meaningful increase that signals growing conviction in the networking giant's outlook. CSCO currently trades at $119.67, up 1.13% on the session, and is pressing against its 52-week high of $120.79, suggesting the stock has very little technical resistance between its current level and that ceiling. The upgraded price target implies roughly 12.8% upside from current levels, making the call notable at a time when the stock is already stretched near the top of its 52-week range of $62.30 to $120.79.

Key Drivers of the CSCO Stock Move

Main Catalyst: Bank of America analyst Tal Liani confirmed a Buy rating on CSCO and raised the price target to $135, up from a prior target of $114, representing a $21 increase in the firm's valuation estimate.
Bull Case: The new $135 price target sits well above the current price of $119.67 and above the 52-week high of $120.79, suggesting BofA believes the stock can push into uncharted territory and sustain a meaningful rally from current levels.
Bear Case: CSCO is already trading within roughly 1% of its 52-week high of $120.79, meaning most of the near-term re-rating may already be priced in. Investors chasing the stock at this level take on elevated technical risk if the confirmation fails to attract new buyers through resistance.

With shares hugging their 52-week high, the BofA confirmation adds a credible fundamental anchor to what has been a strong technical run. The stock has nearly doubled off its 52-week low of $62.30, meaning the setup heading into any near-term catalysts is constructive but not without risk given the extended move. The consensus average price target of $135 aligns exactly with BofA's revised figure, suggesting the analyst community is broadly in agreement on fair value. Cisco has been repositioning its business around AI-driven networking infrastructure and subscription-based software, and investor appetite for those themes has clearly helped fuel the run toward the top of the range. Any pullback from the 52-week high of $120.79 would be closely watched to determine whether dip buyers step in or whether the stock consolidates for an extended period before making a definitive breakout.

CSCO Analyst Ratings and Price Targets

Bank of America (analyst Tal Liani) confirmed a Buy rating on Cisco Systems and raised the price target to $135, up from a prior target of $114. This is a rating confirmation rather than an upgrade or downgrade, but the $21 increase in the price target reflects a meaningfully more optimistic valuation stance. The consensus average price target across analysts currently stands at $135, which aligns directly with BofA's revised figure.

CSCO Seasonality

Late May has historically been a transitional period for technology stocks as investors digest spring earnings results and position ahead of summer. With Cisco's fiscal year structured on a July-end calendar, late May analyst activity often precedes the final fiscal quarter earnings report, making price target revisions at this time particularly relevant to near-term positioning.

CSCO Relative Performance

CSCO's 1.13% gain on the session and its position near the 52-week high of $120.79 suggest the stock is outperforming on a relative basis compared to where it spent much of the past year. Having climbed from a 52-week low of $62.30 to its current price of $119.67, Cisco has shown considerably stronger momentum than many legacy hardware peers, with the stock's trajectory reflecting a market that is rewarding its pivot toward higher-margin, recurring-revenue business lines in networking and security.