Core Viewpoint - Cisco (CSCO) is positioned for potential share price growth driven by the rise of AI and innovative technologies, similar to its previous surge during the dot-com era [1][2]. Group 1: Analyst Insights - UBS analysts upgraded CSCO stock from "Hold" to "Buy" and set a price target of $88 per share, the highest on Wall Street, raising investor interest in Cisco's potential [2][4]. - The UBS analysis is based on a fundamental bottom-up valuation, estimating Cisco's earnings per share to be between $4.34 and $4.62 by 2027, implying a forward price/earnings multiple of just under 20 times at the midpoint [4][6]. - The consensus rating from 23 other analysts is "Moderate Buy," with an average price target of $76.58, indicating a potential upside of around 5% from the current price [7]. Group 2: Market Context - There is speculation on whether the current market enthusiasm will mirror the dot-com surge or if the recent price target increase indicates overly optimistic expectations [3]. - Cisco's potential for earnings growth could lead to a situation where the stock becomes cheaper as its price rises, due to strengthening earnings [6].