Cisco just had a massive rally. HSBC says the stock still has momentum

Cisco is showing no signs of losing steam following its blowout fiscal third-quarter earnings report, according to HSBC. The investment bank upgraded the software name to buy from hold. It also hiked its price target on shares to $137 from $77, implying nearly 19% upside from Thursday's close. "We believe 3Q supports a thesis that Cisco's AI role is becoming structural and that AI revenue is having a larger financial impact than we had expected," analyst Stephen Bersey said in a note to …