Evercore ISI analyst Amit Daryanani lowered the firm’s price target on Arista Networks (ANET) to $110 from $450 and keeps an Outperform rating on the shares after Arista completed a 4:1 stock split yesterday. The firm, which says it remains “bullish on the name” and continues to see upside to calendar year 2025 guidance driven by AI tailwinds, campus growth, and deferred revenue release, continues to call Arista “the leader in AI ethernet switching.”
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Read More on ANET:
- Arista Networks price target set at $125 at Barclays after stock split
- Upcoming Stock Splits This Week (December 2 to December 6) – Stay Invested
- Why Arista Networks’ Stock (ANET) Is Still Far Away from Fair Value
- Early notable gainers among liquid option names on November 21st
- Arista Networks price target raised to $421 from $345 at Piper Sandler
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
