Jim Cramer “Liked” Morgan Stanley’s Cisco Systems (CSCO) Coverage

Core Insights - Cisco Systems Inc. (NASDAQ:CSCO) has been a focal point in recent discussions, particularly regarding its new networking chip announcement and its historical significance during the dotcom bubble [2][3] - Jim Cramer highlighted that Cisco's current valuation is significantly lower than its peak, with a price-to-earnings ratio of 17 compared to 40 times earnings at its height [3] - Morgan Stanley has raised Cisco's share price target to $77 from $73, indicating a positive outlook following a previous increase of $3 in August [2] Company Analysis - Cisco's role in the tech industry has been underscored by its past as the most valuable firm during the dotcom era, which contrasts with its current market position amid the AI wave [2] - The recent commentary from Jim Cramer suggests that comparisons to Cisco's past valuations may not be justified given its current earnings multiple [2][3] - The increase in Morgan Stanley's price target reflects a growing confidence in Cisco's market performance and potential for future growth [2]