Looking At Arista Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Arista Networks (NYSE:ANET) shows a bullish trend among large investors, with 46% of trades being bullish. The stock is currently trading at $354.21, with analysts setting an average price target of $340.2. The anticipated earnings release is in 66 days.
August 23, 2024 | 5:48 pm
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Arista Networks has seen a bullish trend in options activity, with 46% of trades being bullish. The stock is currently trading at $354.21, slightly above the average analyst price target of $340.2. Analysts have mixed ratings, with targets ranging from $265 to $380.
The options activity indicates a bullish sentiment among large investors, which could lead to a short-term price increase. The stock is trading above the average analyst target, suggesting potential overvaluation, but the bullish options activity may drive the price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100