Evercore ISI raised the firm’s price target on Arista Networks (ANET) to $175 from $150 and keeps an Outperform rating on the shares, noting that its price target is revised to reflect better the expected calendar year 2026 growth after the company said during its analyst day that it expects sales growth of about 20% to $10.5B. For the long-term, Arista expects to see mid-teens sales growth, gross-margins of 60%-64% and EBIT margins of 43%-45%, the analyst noted.
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 the top stocks recommended by analysts >>
Read More on ANET:
Disclaimer & DisclosureReport an Issue
