JMP Securities analyst Erik Suppiger raised the firm’s price target on Arista Networks to $165 from $135 and keeps an Outperform rating on the shares. The company reported Q4 results that exceeded consensus estimates, and its quarterly revenue growth of 55% is the second consecutive quarter that growth exceeded 50%, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ANET:
- 3 Stocks to Buy Today, 2/14/2023, According to Top Analysts
- Arista Networks price target raised to $177 from $165 at Barclays
- ANET’s Strong Earnings Report Leaves It Little Changed
- Arista Networks sees FY23 revenue $5.47B, consensus $5.4B
- Arista Networks sees Q1 revenue $1.275B-$1.325B, consensus $1.21B