Arista Networks, Inc. (NYSE:ANET) ranks among the best stocks to buy now for long-term growth. On February 13, Piper Sandler boosted its price target for Arista Networks, Inc. (NYSE:ANET) to $175 from $159, retaining an Overweight rating on the company’s shares. The upward revision came after Arista Networks’ quarterly results, which surpassed projections. The company generated $0.82 per share, which was higher than the forecast of $0.76, while posting $2.49 billion in revenue, which exceeded projections of $2.38 billion.

Arista Networks, Inc. (NYSE:ANET) has increased its annual growth projection to 25%, up 5 percentage points from the prior forecast, driven mostly by momentum in its Cloud and AI client bases.

Additionally, the company raised its AI revenue forecast by $500 million to $3.25 billion, or about 30% of its total revenue. Sometime this year, it could possibly have four customers generating more than 10% of revenue.

Arista Networks, Inc. (NYSE:ANET) is an American computer networking company headquartered in Santa Clara, California. The company specializes in developing and providing multilayer network switches that enable software-defined networking in large-scale data centers, cloud computing, and high-performance computing.

While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.