Evercore ISI analyst Amit Daryanani is adding Arista Networks to the firm’s “Tactical Outperform” list as the analyst expects Arista to report “modest upside” to Street expectations for the June quarter. Arista management will “likely remain prudently conservative” around the second half of 2023 and calendar 2024 commentary at this point, but the firm thinks the company has multiple ways to drive double digit growth in 2024 and beyond, added the analyst, who maintains an Outperform rating and $180 price target on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ANET:
- Needham security/networking analysts hold analyst/industry conference call
- Arista Networks initiated with a Neutral at Citi
- Early notable gainers among liquid option names on June 27th
- JPMorgan sees ‘ample upside’ in Arista Networks after selloff
- AI: Investment Value at Every Link of the Value Chain