Barclays raised the firm’s price target on Arista Networks (ANET) to $126 from $125 and keeps an Overweight rating on the shares. The company beat Q4 estimates and its Q1 guidance was above the consensus, the analyst tells investors in a research note. The firm says Arista’s 2025 growth rate “ticked higher, and seems conservative.” The artificial intelligence backend target of $750M was maintained but Barclays sees upside and thinks 2026 revenues could double off that base.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANET:
- Arista Networks’ Strong Financial Performance in 2024
- Closing Bell Movers: Shift4 down 10%, Penumbra up 8% after results
- ANET Earnings: Arista Networks Beats Wall Street Targets Across the Board
- Arista Networks reports Q4 non-GAAP EPS 65c, consensus 57c
- Arista Networks sees Q1 revenue $1.93B-$1.97B, consensus $1.91B
