Behind the Scenes of Arista Networks's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a mix of bullish and bearish options trading activity, with 60% of trades being bearish. The options trading suggests a price target range of $290 to $410. The company, a provider of networking equipment, has seen its stock price decrease by -1.95% to $289.0. Analysts from Evercore ISI Group and Goldman Sachs have set target prices of $300 and $356, respectively, indicating a positive outlook on the stock.
April 10, 2024 | 6:30 pm
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Arista Networks has experienced a mix of bullish and bearish options trading, with a current stock price of $289.0, down -1.95%. Analysts have set target prices of $300 and $356, suggesting potential upside.
The bearish options trading sentiment is countered by the bullish analyst target prices from Evercore ISI Group and Goldman Sachs, suggesting a potential short-term upside in ANET's stock price. The current price decrease and the mix of trading sentiments indicate volatility, but the analyst ratings provide a positive outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100