Goldman Sachs Maintains Buy on Arista Networks, Raises Price Target to $248
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mike Burton has reaffirmed a Buy rating on Arista Networks (NYSE:ANET) and increased the price target from $223 to $248.
November 10, 2023 | 3:53 pm
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Goldman Sachs has maintained a Buy rating on Arista Networks and raised the price target to $248, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100