Evercore ISI raised the firm’s price target on Arista Networks (ANET) to $130 from $110 and keeps an Outperform rating on the shares. The firm remains constructive on companies tied to broader enterprise IT and AI-related infrastructure spending and thinks the setup for calendar Q4 “remains favorable”, with expectations for in line or modest beats, the analyst tells investors. However, the firm suspects companies may take “a more prudent and cautious stance” for calendar 2025 guidance given ongoing uncertainty especially on the public spending side, the analyst added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANET:
- Arista Networks price target raised to $130 from $114 at BofA
- Arista Networks put volume heavy and directionally bearish
- Arista Networks price target raised to $118 from $102.50 at Morgan Stanley
- Early notable gainers among liquid option names on December 13th
- Unusually active option classes on open December 13th