Citi recommends using the recent pullback in shares of Arista Networks (ANET) as a buying opportunity. The capex outlooks from Microsoft (MSFT) and Meta Platforms (META) support Arista’s 2024 growth, the analyst tells investors in a research note. The firm keeps a Buy rating on the shares with a $220 price target.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on ANET:
- Arista Networks added to ‘Tactical Outperform’ list at Evercore ISI
- Arista Networks (NYSE:ANET) Downgraded at Piper Sandler, Shares Fall
- Amgen upgraded, Texas Instruments downgraded: Wall Street’s top analyst calls
- Arista Networks downgraded to Neutral from Overweight at Piper Sandler
- Cisco Stock (NASDAQ:CSCO): Splunk Acquisition Signals Desperation