Arista Networks (NYSE:ANET) Given New $175.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has increased Arista Networks' target price from $155.00 to $175.00, indicating a potential upside of 22.41% from the previous close.
• Recent reports include price target upgrades from Barclays to $179.00 and Wolfe Research to $185.00, while BNP Paribas Exane lowered their rating to "neutral" with a target of $106.00.
• Arista Networks reported a quarterly earnings per share (EPS) of $0.73, exceeding expectations and showing a revenue increase of 30.4% compared to the previous year.

Arista Networks (NYSE:ANET - Get Free Report) had its target price lifted by investment analysts at The Goldman Sachs Group from $155.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 22.41% from the company's previous close.

ANET has been the subject of several other research reports. Barclays boosted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday. Wolfe Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a report on Wednesday, June 11th. JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday. Finally, KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $155.73.

Arista Networks Stock Performance

ANET stock traded down $10.08 during trading on Friday, reaching $142.96. The company had a trading volume of 8,872,561 shares, compared to its average volume of 10,362,886. Arista Networks has a twelve month low of $59.43 and a twelve month high of $156.32. The firm has a 50-day simple moving average of $126.11 and a 200-day simple moving average of $99.86. The company has a market cap of $179.68 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the business posted $0.53 EPS. The business's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Arista Networks will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 56,548 shares of Arista Networks stock in a transaction on Monday, September 8th. The shares were sold at an average price of $143.56, for a total value of $8,118,030.88. Following the transaction, the chief executive officer directly owned 5,555,373 shares in the company, valued at approximately $797,529,347.88. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,334,926 shares of company stock valued at $795,392,998. Insiders own 3.39% of the company's stock.

Hedge Funds Weigh In On Arista Networks

Several institutional investors and hedge funds have recently modified their holdings of the company. DSG Capital Advisors LLC acquired a new position in shares of Arista Networks during the 4th quarter valued at about $5,984,000. Ibex Wealth Advisors grew its position in Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after acquiring an additional 7,329 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Arista Networks in the first quarter valued at approximately $629,000. Commonwealth Equity Services LLC grew its position in Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks during the first quarter worth approximately $15,227,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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