Cisco (NASDAQ: CSCO) reported strong quarterly results on May 13, reporting a 12% year-over-year increase in revenue, currently pushing the stock up nearly 20% in pre-market trading.
At the same time, the company announced plans to cut nearly 4,000 jobs to allocate more resources to high-growth areas, including artificial intelligence (AI).
As expected, Wall Street is already having an impact, with KeyBanc, for example, reiterating its Buy rating and next year’s CSCO price target of $125.
But in the short term, the outlook doesn’t seem all that bullish, at least when it comes to the predictions provided by machine learning algorithms.
AI predicts Cisco stock price on May 31st
Notably, Finbold’s AI prediction agent predicts that Cisco Systems stock will lose most of the gains recorded over the past 24 hours.
Specifically, the algorithm estimates Cisco’s average target price through May 29 to be $102.07, implying a potential downside of 14.86% from the current price of $119.89.
Since May 31st falls on a Sunday this year, the $102.07 figure will be Cisco’s last closing price this month.
The forecast was generated using multiple AI models, all of which showed a bearish near-term outlook for the networking giant.
Among the models tracked, DeepSeek Chat issued the most pessimistic forecast, predicting that Cisco stock could fall to $92.50, representing a decline of 22.84%.
On the other hand, Gemini 3 Flash had the most bearish estimate at $109.52, 8.65% below current levels. GPT-5.2 was in the middle, with a price target of $104.20, or a decline of 13.08%.
What are analysts saying about Cisco?
As mentioned earlier, analysts have issued bullish forecasts for Cisco over the long term. In addition to the previously mentioned KeyBanc, Morgan Stanley also maintained an “overweight” rating on the stock and raised its price target on Cisco from $91 to $120.
Analyst Mehta Marshall argued that continued investment in AI infrastructure is helping extend Cisco’s upgrade cycle, citing stronger growth trends and increased confidence in the durability of AI networking cycles.
Similarly, Evercore ISI raised its CSCO stock price target from $110 to $150 while reiterating its “outperform” rating and asserting the strength of AI demand.
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