Arista Networks Coverage Initiated at Pacific Crest (ANET)
Pacific Crest started coverage on shares of Arista Networks (NASDAQ:ANET) in a research note issued on Tuesday. The firm set an “outperform” rating and a $73.00 price target on the stock. Pacific Crest’s price objective suggests a potential upside of 17.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “outperform” rating and a $90.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “overweight” rating and a $77.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.08.
Shares of Arista Networks (NASDAQ:ANET) opened at 62.39 on Tuesday. Arista Networks has a one year low of $55.00 and a one year high of $72.63. The stock’s 50-day moving average is $64.32 and its 200-day moving average is $64.32. The company has a market cap of $4.034 billion and a price-to-earnings ratio of 79.99.
Arista Networks, Inc is a supplier of cloud networking solutions that use software to address the needs Internet companies, cloud service providers and next-generation data centers for enterprises.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.