Melius Research Upgrades Arista Networks to Buy, Announces $300 Price Target
Portfolio Pulse from Benzinga Newsdesk
Melius Research analyst Ben Reitzes upgraded Arista Networks (NYSE:ANET) from Hold to Buy and set a price target of $300.
January 08, 2024 | 1:48 pm
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Arista Networks was upgraded by Melius Research from Hold to Buy with a price target of $300.
Upgrades by analysts typically lead to a positive short-term reaction in the stock price as it reflects a positive change in the company's outlook. The new price target of $300 suggests a significant upside potential from the current trading price, which can attract investors and drive up the stock price.
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