This Is What Whales Are Betting On Arista Networks
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Arista Networks (NYSE:ANET), with a notable shift in options activity. Benzinga's tracking revealed 25 extraordinary options activities, with a mix of bullish (44%) and bearish (56%) sentiments. The focus is on a price band between $95.0 and $380.0. Current trading volume is 1,014,285, with a slight price increase of 0.05% to $304.75. Analysts, including one from Goldman Sachs, maintain a Buy rating with a target price of $356.0.
March 22, 2024 | 5:01 pm
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NEUTRAL IMPACT
Arista Networks sees mixed sentiment from investors, with a bearish tilt in options activity. Current price slightly up, analysts maintain a positive outlook.
The bearish sentiment among deep-pocketed investors, as indicated by options activity, could suggest caution. However, the slight price increase and positive analyst ratings, especially the Buy rating from Goldman Sachs with a target price of $356, balance the outlook. The mixed sentiment among investors and the current performance indicators suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100