Citigroup Initiates Coverage On Arista Networks with Neutral Rating, Announces Price Target of $160
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jim Suva has initiated coverage on Arista Networks (NYSE:ANET) with a Neutral rating and a price target of $160.
June 30, 2023 | 9:14 am
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NEUTRAL IMPACT
Arista Networks has been initiated with a Neutral rating by Citigroup, with a price target of $160.
The Neutral rating from Citigroup suggests that the analyst sees the stock performing in line with the market, neither outperforming nor underperforming. The price target of $160 provides a reference point for investors, but does not necessarily suggest a strong upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100