Arista Networks shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $177 to $220.
Portfolio Pulse from Benzinga Newsdesk
Arista Networks' stock has been upgraded from Neutral to Buy by Citigroup, with the price target raised from $177 to $220. This has resulted in Arista Networks' shares trading higher.
August 31, 2023 | 3:31 pm
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Arista Networks' stock has been upgraded by Citigroup, leading to a rise in its share price. The price target has been raised from $177 to $220.
The upgrade from Citigroup is a positive signal for investors, indicating increased confidence in Arista Networks' performance. This has led to a rise in the share price. The raised price target also suggests that Citigroup expects further growth in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100