On Nov 09, major Wall Street analysts update their ratings for $Arista Networks (ANET.US)$, with price targets ranging from $450 to $500.
J.P. Morgan analyst Samik Chatterjee maintains with a buy rating, and adjusts the target price from $480 to $460.
BofA Securities analyst Tal Liani maintains with a buy rating.
Barclays analyst Tim Long maintains with a buy rating, and adjusts the target price from $341 to $495.
Jefferies analyst George Notter maintains with a buy rating, and adjusts the target price from $380 to $500.
Evercore analyst Amit Daryanani maintains with a buy rating, and adjusts the target price from $425 to $450.
Furthermore, according to the comprehensive report, the opinions of $Arista Networks (ANET.US)$'s main analysts recently are as follows:
Arista Networks' revenue guidance, which could be described as 'good but not great,' is likely viewed as 'conservative.' However, the less optimistic gross margin outlook, coupled with potential softness in non-AI related revenue in the following year, might restrain the stock's performance.
Arista Networks exceeded Q3 expectations and provided guidance for the next year with a growth projection of 15%-17%, which may be slightly below anticipations but is possibly a cautious estimate. The momentum in Arista's artificial intelligence initiatives, along with market share expansion in campus and routing, is viewed positively.
Here are the latest investment ratings and price targets for $Arista Networks (ANET.US)$ from 6 analysts:
Note:
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