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Arista Networks (ANET) Stock Forecast & Price Target

$409.85
+2.92 (+0.72%)
(As of 10/10/2024 ET)

Arista Networks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
3
Buy
16

Based on 20 Wall Street analysts who have issued ratings for Arista Networks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 1 has given a sell rating, 3 have given a hold rating, and 16 have given a buy rating for ANET.

Consensus Price Target

$369.50
-9.85% Downside
According to the 20 analysts' twelve-month price targets for Arista Networks, the average price target is $369.50. The highest price target for ANET is $460.00, while the lowest price target for ANET is $265.00. The average price target represents a forecasted downside of -9.85% from the current price of $409.85.
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ANET Analyst Ratings Over Time

TypeCurrent Forecast
10/12/23 to 10/11/24
1 Month Ago
9/12/23 to 9/11/24
3 Months Ago
7/14/23 to 7/13/24
1 Year Ago
10/12/22 to 10/12/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
16 Buy rating(s)
16 Buy rating(s)
18 Buy rating(s)
15 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$369.50$358.63$311.50$199.40
Forecasted Upside-9.85% Downside4.66% Upside-13.93% Downside3.31% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

ANET Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ANET Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Arista Networks Stock vs. The Competition

TypeArista NetworksComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.75
2.66
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-9.85% Downside1,683.62% Upside7.79% Upside
News Sentiment Rating
Positive News

See Recent ANET News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/8/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$385.00 ➝ $460.00+15.05%
10/1/2024Evercore ISI
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$400.00 ➝ $425.00+11.52%
9/24/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$390.00 ➝ $430.00+12.91%
9/4/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$285.00 ➝ $369.00+13.62%
7/31/2024Barclays
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 Boost TargetOverweight ➝ Overweight$320.00 ➝ $341.00-1.06%
7/31/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$335.00 ➝ $340.00-0.42%
7/31/2024Rosenblatt Securities
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 Boost TargetSell ➝ Sell$220.00 ➝ $265.00-21.82%
7/31/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$340.00 ➝ $380.00+22.02%
7/31/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$375.00 ➝ $375.00+20.22%
7/24/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$340.00 ➝ $390.00+16.55%
7/18/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$325.00 ➝ $355.00+7.64%
7/17/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$349.00 ➝ $432.00+26.40%
7/15/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$302.00 ➝ $345.00-4.67%
6/20/2024Bank of America
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 Boost TargetBuy ➝ Buy$320.00 ➝ $380.00+11.35%
6/14/2024Erste Group Bank
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 Reiterated RatingBuy
2/13/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
2/13/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$325.00+15.60%
1/8/2024Melius Research
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 UpgradeHold ➝ Buy$300.00+20.33%
10/31/2023William Blair
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 Reiterated RatingOutperform
8/2/2023Argus
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 Boost TargetBuy ➝ Buy$195.00 ➝ $225.00+24.94%
7/20/2023BNP Paribas
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 Initiated CoverageOutperform$210.00+19.14%
5/2/2023Credit Suisse Group
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 Boost Target$146.00 ➝ $151.00-5.72%
2/14/2023Loop Capital
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 Boost TargetBuy$181.00 ➝ $188.00+38.24%
2/14/2023Cowen
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 Boost TargetOutperform$212.00 ➝ $225.00+65.44%
12/13/2022Cowen
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 Boost TargetOutperform$203.00 ➝ $212.00+57.18%
11/3/2022Deutsche Bank Aktiengesellschaft
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 Boost Target$135.00 ➝ $140.00+11.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:24 AM ET.


Should I Buy Arista Networks Stock? ANET Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these Arista Networks pros and cons to contact@marketbeat.com.

Arista Networks
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Arista Networks, Inc.:

  • 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 globally.
  • The company has shown consistent growth in annual revenue over recent periods, indicating a strong financial performance.
  • With a high return on equity, Arista Networks, Inc. demonstrates efficient use of shareholder funds to generate profits.
  • Investors may find the current stock price of Arista Networks, Inc. attractive for potential value appreciation.
  • Arista Networks, Inc. operates in a sector with high growth potential, providing opportunities for market expansion and increased profitability.

Arista Networks
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Arista Networks, Inc. for these reasons:

  • While the company has shown growth, the industry it operates in may face challenges that could impact future performance.
  • Consensus ratings and price targets for Arista Networks, Inc. may indicate mixed opinions among analysts, leading to uncertainty in investment decisions.
  • Factors such as beta, debt-to-equity ratio, and quick ratio should be carefully considered by investors to assess the company's financial stability and risk levels.
  • Forward price-to-earnings ratio and price-to-earnings growth ratio may influence investor perceptions of Arista Networks, Inc.'s valuation and growth potential.
  • Annual dividend yield and dividend payout ratios could affect income-oriented investors seeking consistent returns.

ANET Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Arista Networks is $369.50, with a high forecast of $460.00 and a low forecast of $265.00.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There is currently 1 sell rating, 3 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ANET shares.

According to analysts, Arista Networks's stock has a predicted downside of -9.85% based on their 12-month stock forecasts.

Analysts like Arista Networks more than other "computer and technology" companies. The consensus rating score for Arista Networks is 2.75 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how ANET compares to other companies.


This page (NYSE:ANET) was last updated on 10/11/2024 by MarketBeat.com Staff
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