Cramer Highlights Cisco as Major Trust Holding, Eyes Rally to $100
Jim Cramer said Cisco Systems still ranks as a sizeable holding in his Charitable Trust after the stock’s rally since mid-2024 overcame a December sell-off. Technical analyst Lang forecasts a break above the 50-day average could propel Cisco from lows toward $80 and eventually $100.
1. Trust Position Endorsement
Jim Cramer noted that Cisco remains a sizeable position in his Charitable Trust, signaling strong confidence in the company’s long-term trajectory after years of strategic reinvention.
2. Late AI Adoption and Recovery
After coming late to the AI market, Cisco’s stock began surging in the second half of 2024, driven by stellar quarterly results and the acquisition of new enterprise clients, ultimately reclaiming dot-com era highs.
3. Technical Analysis and Price Targets
Technician Lang highlighted Cisco’s December sell-off on high volume as a potential capitulation point, with a rebound above the 50-day moving average pointing toward targets of $80 and, later, $100.
4. Investor Implications
Cramer’s endorsement coupled with bullish technical signals may spur renewed retail interest in Cisco as investors evaluate its position in AI networking, security, and collaboration markets.