JMP Securities Maintains Market Outperform Rating for Arista Networks: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Market Outperform rating for Arista Networks (NYSE:ANET) and increased its price target from $165.00 to $200.00. Despite this, Arista's shares have fallen by 5.88% over the last 24 hours, trading at $163.86 per share. Arista Networks is a networking equipment provider with Microsoft and Meta Platforms as its largest customers.
July 26, 2023 | 5:00 pm
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NEGATIVE IMPACT
Despite JMP Securities maintaining a positive outlook and raising the price target for Arista Networks, the company's shares have fallen by 5.88% in the last 24 hours.
The news of JMP Securities maintaining a positive rating and raising the price target for Arista Networks is generally a positive signal for investors. However, the company's shares have fallen by 5.88% in the last 24 hours, indicating a negative short-term impact. The discrepancy between the analyst's positive outlook and the recent drop in share price may be due to other market factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100