Evercore ISI Forecasts Strong Price Appreciation for Arista Networks (NYSE:ANET) Stock

Key Points

• Evercore ISI has increased its price target for Arista Networks (NYSE:ANET) from $150.00 to $175.00, indicating a potential upside of 14.06% based on the company's last closing price.
• Several analysts are optimistic about Arista's stock, with Barclays also raising their target to $179.00, reflecting a consensus among fourteen analysts rating the stock as a "Buy."
• Arista Networks reported impressive earnings with a 30.4% year-over-year revenue increase, exceeding analyst expectations, and showcasing a strong net margin of 40.90% for the quarter.

Arista Networks (NYSE:ANET - Get Free Report) had its price target lifted by investment analysts at Evercore ISI from $150.00 to $175.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Evercore ISI's target price suggests a potential upside of 14.06% from the company's previous close.

ANET has been the topic of several other research reports. Barclays lifted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday. Needham & Company LLC lifted their price target on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Redburn Atlantic began coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They set a "buy" rating and a $112.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday. Finally, BNP Paribas Exane downgraded 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. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $149.73.

Arista Networks Price Performance

ANET opened at $153.43 on Friday. The company's 50 day simple moving average is $126.11 and its two-hundred day simple moving average is $99.86. Arista Networks has a 1-year low of $59.43 and a 1-year high of $156.32. The firm has a market capitalization of $192.84 billion, a price-to-earnings ratio of 60.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company posted $0.53 EPS. The business's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 6,334,926 shares of company stock valued at $795,392,998 over the last 90 days. Corporate insiders own 3.39% of the company's stock.

Institutional Investors Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in the business. DSG Capital Advisors LLC purchased a new position in Arista Networks in the fourth quarter valued at about $5,984,000. Ibex Wealth Advisors increased its stake in shares of Arista Networks by 14.4% during the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after purchasing an additional 7,329 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $629,000. Commonwealth Equity Services LLC increased its stake in shares of Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $15,227,000. Institutional investors and hedge funds own 82.47% of the company's stock.

About Arista Networks

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.