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Analysts Offer Insights on Technology Companies: Rambus (RMBS) and Arista Networks (ANET)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Rambus (RMBSResearch Report) and Arista Networks (ANETResearch Report) with bullish sentiments.

Rambus (RMBS)

Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Rambus today and set a price target of $38.00. The company’s shares closed last Monday at $25.26.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 23.8% and a 66.1% success rate. Cassidy covers the Technology sector, focusing on stocks such as Navitas Semiconductor, Smart Global Holdings, and Skyworks Solutions.

Rambus has an analyst consensus of Strong Buy, with a price target consensus of $34.33, which is a 36.8% upside from current levels. In a report released yesterday, Susquehanna also reiterated a Buy rating on the stock with a $33.00 price target.

See today’s best-performing stocks on TipRanks >>

Arista Networks (ANET)

Needham analyst Alex Henderson upgraded Arista Networks to Buy today and set a price target of $140.00. The company’s shares closed last Monday at $117.61.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 19.3% and a 57.6% success rate. Henderson covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Extreme Networks.

Currently, the analyst consensus on Arista Networks is a Moderate Buy with an average price target of $147.92, which is a 28.4% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $135.00 price target.

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