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Arista Networks (ANET) Received its Third Buy in a Row

After Citigroup and Evercore ISI gave Arista Networks (NYSE: ANET) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Sami Badri maintained a Buy rating on Arista Networks today and set a price target of $178.00. The company’s shares closed last Monday at $118.26.

According to TipRanks.com, Badri is a 4-star analyst with an average return of 3.9% and a 51.1% success rate. Badri covers the Technology sector, focusing on stocks such as International Business Machines, Cyxtera Technologies, and Motorola Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $152.42 average price target, implying a 31.7% upside from current levels. In a report released today, Cowen & Co. also maintained a Buy rating on the stock with a $154.00 price target.

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Arista Networks’ market cap is currently $36.45B and has a P/E ratio of 44.90.

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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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