Cisco Systems, Inc. (NASDAQ:CSCO) is considered one of the most undervalued tech giants to buy according to hedge funds, with a ‘Buy’ rating from over half of analysts and a median price target of $86.50, suggesting a 10.84% upside potential.

Morgan Stanley raised Cisco Systems, Inc. (NASDAQ:CSCO) price target to $91 from $82, maintaining an ‘Overweight’ rating, indicating a potential 17% increase. Analysts predict continued momentum in optical trade through the first half of next year.

Shareholders of Cisco Systems, Inc. (NASDAQ:CSCO) approved an amended stock incentive plan, increasing authorized shares by 57,490,000. The company is known for its networking hardware, software, telecommunications equipment, and high-tech services.

While Cisco (NASDAQ:CSCO) shows investment potential, some believe other AI stocks offer greater upside with lower risk. For those seeking undervalued AI stocks with potential tariff benefits, consider alternative options.

Read more at Yahoo Finance: Why Analysts Are Split on Cisco Systems, Inc. (CSCO)