8 Analysts Have This To Say About Arista Networks
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for Arista Networks (NYSE:ANET), showing a mix of bullish to indifferent sentiments. The average 12-month price target has increased to $272.75, up 19.93% from the previous $227.43. Arista Networks, a provider of Ethernet switches and software for data centers, has shown strong financial performance with significant revenue growth, high net margin, and excellent ROE and ROA, outperforming industry averages.
February 05, 2024 | 9:00 pm
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Arista Networks has received updated analyst ratings and price targets, with a notable increase in the average 12-month price target to $272.75, indicating strong confidence in the company's financial health and market position.
The increase in Arista Networks' average price target by analysts, along with positive financial indicators such as revenue growth, high net margin, and excellent ROE and ROA, suggests a bullish outlook for the stock in the short term. The company's strong performance, especially in comparison to industry averages, and its significant market share in the networking equipment sector, contribute to the positive sentiment among analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100