Morgan Stanley Maintains Overweight on Arista Networks, Raises Price Target to $272
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on Arista Networks (NYSE:ANET) and increased the price target from $230 to $272.
January 02, 2024 | 12:32 pm
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Morgan Stanley's analyst has reaffirmed an Overweight rating on Arista Networks and raised the price target to $272, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong conviction in the company's future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100