Jefferies Upgrades Arista Networks to Buy, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst George Notter upgraded Arista Networks (ANET) from Hold to Buy and increased the price target from $240 to $320, indicating a positive outlook on the company's future performance.
May 03, 2024 | 5:20 pm
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Jefferies upgraded Arista Networks from Hold to Buy and raised the price target from $240 to $320, reflecting a strong confidence in the company's growth prospects.
The upgrade by Jefferies to a Buy rating and the significant increase in price target for Arista Networks directly suggest a bullish outlook on the company's stock. This is likely due to positive expectations regarding the company's future performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100