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Arista Networks (ANET) Gets a Hold Rating from Needham

In a report released today, Alex Henderson from Needham maintained a Hold rating on Arista Networks (ANETResearch Report). The company’s shares closed last Monday at $122.82.

According to TipRanks.com, Henderson is a top 100 analyst with an average return of 26.6% and a 65.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, CrowdStrike Holdings, and CyberArk Software.

Currently, the analyst consensus on Arista Networks is a Moderate Buy with an average price target of $147.42, which is a 22.9% upside from current levels. In a report released today, Piper Sandler also maintained a Hold rating on the stock with a $139.00 price target.

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

Arista Networks’ market cap is currently $37.74B and has a P/E ratio of 49.87.

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Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

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