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Analysts Have Conflicting Sentiments on These Technology Companies: ON Semiconductor (ON) and Arista Networks (ANET)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ON Semiconductor (ONResearch Report) and Arista Networks (ANETResearch Report).

ON Semiconductor (ON)

Charter Equity analyst Edward F. Snyder maintained a Hold rating on ON Semiconductor yesterday. The company’s shares closed last Monday at $55.62.

According to TipRanks.com, Snyder is a 5-star analyst with an average return of 20.0% and a 57.5% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Texas Instruments.

ON Semiconductor has an analyst consensus of Moderate Buy, with a price target consensus of $70.70, implying a 31.2% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $60.00 price target.

See the top stocks recommended by analysts >>

Arista Networks (ANET)

In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Arista Networks, with a price target of $160.00. The company’s shares closed last Monday at $118.26.

According to TipRanks.com, Daryanani is a 4-star analyst with an average return of 7.0% and a 49.2% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Rackspace Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $152.75 average price target.

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