Arista Networks shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $240 to $320.
Portfolio Pulse from Benzinga Newsdesk
Arista Networks' stock (ANET) trades higher following an upgrade by Jefferies from Hold to Buy, with a price target increase from $240 to $320.
May 03, 2024 | 5:21 pm
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POSITIVE IMPACT
Arista Networks' stock price is likely to experience a positive short-term impact due to the upgrade from Hold to Buy by Jefferies and a significant increase in the price target from $240 to $320.
Stock upgrades by reputable financial institutions like Jefferies often lead to increased investor confidence and a positive short-term price movement. The substantial raise in the price target further underscores the firm's bullish outlook on ANET, likely encouraging investors to adjust their positions in favor of Arista Networks.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100