Arista Networks (ANET) Stock: $120 Target And Outperform Rating

By Amit Chowdhry ● Jul 4, 2022
  • The shares of Arista Networks Inc (NYSE: ANET) have received a $120 price target from Evercore ISI. These are the details.

The shares of Arista Networks Inc (NYSE: ANET) have received a $120 price target from Evercore ISI. And Evercore ISI analyst Amit Daryanani is maintaining an “Outperform” rating on the shares.

Daryanani adjusted the rating while reducing the estimates and price targets for certain companies within the IT Hardware and Networking sector in order to reflect certain developments like currency issues, and a slowdown in PC markets.  Plus the rating also accounts for a more conservative stance on the second half given inflation, rising rates, and geopolitical risk.

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