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Research analysts at RBC Capital assumed coverage on shares of Arista Networks (NASDAQ:ANET) in a report released on Tuesday. The firm set an “outperform” rating and a $77.00 price target on the stock. RBC Capital’s target price would suggest a potential upside of 23.42% from the stock’s previous close.

A number of other analysts have also recently weighed in on ANET. Analysts at ISI Group raised their price target on shares of Arista Networks from $60.00 to $80.00 in a research note on Wednesday, June 18th. They now have a “strong-buy” rating on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Arista Networks in a research note on Friday, June 13th. They set a “market perform” rating and a $70.00 price target on the stock. Finally, analysts at Gabelli initiated coverage on shares of Arista Networks in a research note on Thursday, June 5th. They set a “buy” rating and a $66.00 price target on the stock.

Shares of Arista Networks (NASDAQ:ANET) opened at 62.39 on Tuesday. Arista Networks has a 52 week low of $55.00 and a 52 week high of $72.63. The stock has a 50-day moving average of $64.32 and a 200-day moving average of $64.32. The company has a market cap of $4.034 billion and a P/E ratio of 80.19.

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.

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