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Rosenblatt Upgrades Arista Networks (ANET) to Buy, Here’s What Changed
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Arista Networks, Inc. (NYSE:ANET) is one of the Unstoppable Growth Stocks to Invest In According to Reddit. Wall Street has a bullish sentiment on Arista Networks, Inc. (NYSE:ANET) as 97% of the 30 analysts have maintained a Buy rating, with a 12-month average price target suggesting more than 14.5% upside from the current level. Most recently, on April 7, Rosenblatt upgraded the stock from Neutral to Buy and also raised the price target from $165 to $180. The firm noted that one of the key reasons behind the bullish sentiment is the firm’s growing optimism about the company’s AI networking momentum. Rosenblatt highlighted increased confidence in Arista’s XPO strategy, a high-density 12.8 Tbps liquid-cooled optics module announced at the OFC conference, enabling 204.8 Tbps per rack for AI data centers. The firm also noted better visibility into large front-end design wins with Google and Anthropic. The firm noted that the company reported a deferred revenue balance of $5.4 billion, signaling strong future recognition from ongoing deployments. Moreover, the company guided for 25% revenue growth in 2026 and 20% in 2027, but consensus expectation points towards 27% and 22% growth, respectively. Earlier, on April 1, Susquehanna also reiterated a Buy rating on the stock with a price target of $160. Arista Networks Inc. (NYSE:ANET) is a computer hardware company that develops client-to-cloud networking solutions for AI, data center, campus, and routing environments. 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. READ NEXT: 7 Hot Growth Stocks to Invest in Right Now and 7 Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
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