What Analysts Are Saying About Arista Networks Stock
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) received mixed analyst ratings with an average 12-month price target of $243.3, a 15.13% increase from the previous target. Analysts from Keybanc, Melius Research, Morgan Stanley, Piper Sandler, Goldman Sachs, Needham, and JMP Securities have raised their price targets, indicating a positive outlook. Arista Networks, a provider of networking equipment, has shown strong financial performance with significant revenue growth, high net margin, and excellent ROE and ROA, while maintaining low debt.
January 18, 2024 | 6:00 pm
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POSITIVE IMPACT
Arista Networks has received positive analyst ratings and raised price targets, reflecting a bullish sentiment that could positively impact its stock price in the short term.
The increase in the average price target by analysts, along with the overall positive ratings, suggests that the market's perception of Arista Networks is improving. This can lead to increased investor confidence and potentially drive up the stock price in the short term. The company's strong financial performance, including high revenue growth and profitability, supports the analysts' positive outlook and may contribute to the stock's upward momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100