Cisco (NASDAQ: CSCO) posted strong quarterly results on May 13, reporting a 12% year-over-year increase in revenue that is currently pushing the stock up nearly 20% in pre-market trading.
At the same time, the company has announced plans to cut nearly 4,000 jobs in order to dedicate more resources toward high-growth segments, including artificial intelligence (AI).
Expectedly, Wall Street is already weighing in, with KeyBanc, for example, reiterating its ‘Buy’ rating and $125 CSCO price target for the next year.
In the short term, however, the outlook does not appear as bullish, at least when it comes to predictions offered by machine learning algorithms.
AI predicts Cisco stock price on May 31
Notably, Finbold’s AI prediction agent predicts that Cisco Systems shares will lose most of the gains recorded over the past 24 hours.
Specifically, the algorithm estimates an average Cisco target price of $102.07 by May 29, implying a potential decline of 14.86% from the current price of $119.89.
With May 31 being a Sunday this year, the $102.07 figure will be Cisco’s last closing price this month.
The forecasts were generated using multiple AI models, all of which pointed toward a bearish short-term outlook for the networking giant.
Among the models tracked, DeepSeek Chat issued the most pessimistic projection, forecasting Cisco shares could fall to $92.50, representing a 22.84% drop.
Meanwhile, Gemini 3 Flash delivered the least bearish estimate at $109.52, or 8.65% below current levels. GPT-5.2 was somewhere in the middle, projecting a target of $104.20, or a 13.08% decline.
What are analysts saying about Cisco?
As mentioned, analysts are issuing bullish predictions on Cisco in the long run. In addition to the already mentioned KeyBanc, Morgan Stanley has also raised its price target on Cisco from $91 to $120 while maintaining its ‘Overweight.’
Analyst Meta Marshall cited stronger growth trends and increasing confidence in the durability of the AI networking cycle and argued that sustained investment in AI infrastructure is helping extend Cisco’s upgrade cycle.
Similarly, Evercore ISI raised its own CSCO share price target from $110 to $150 while reiterating an ‘Outperform’ rating, also arguing for strength in AI demand.
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