Arista Networks (ANET) Stock Forecast & Price Target

$314.31

-14.13 (-4.30%)

(As of 04:36 PM ET)

Arista Networks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 20 Analyst Ratings

Based on 20 Wall Street analysts who have issued ratings for Arista Networks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 1 has given a sell rating, 3 have given a hold rating, and 16 have given a buy rating for ANET.

Consensus Price Target

$358.63
14.10% Upside

High Forecast	$432.00
Average Forecast	$358.63
Low Forecast	$265.00

According to the 20 analysts' twelve-month price targets for Arista Networks, the average price target is $358.63. The highest price target for ANET is $432.00, while the lowest price target for ANET is $265.00. The average price target represents a forecasted upside of 14.10% from the current price of $314.31.

Type	Current Forecast 9/7/23 to 9/6/24	1 Month Ago 8/8/23 to 8/7/24	3 Months Ago 6/9/23 to 6/8/24	1 Year Ago 9/7/22 to 9/7/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	17 Buy rating(s)	16 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$358.63	$353.38	$295.22	$195.65
Forecasted Upside	14.10% Upside	9.25% Upside	11.96% Upside	24.22% Upside

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ANET Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ANET Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Arista Networks Stock vs. The Competition

Type	Arista Networks	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.75	2.64	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.10% Upside	206.25% Upside	11.34% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/4/2024	UBS Group 4 of 5 stars	Boost Target	Neutral ➝ Neutral	$285.00 ➝ $369.00	+13.62%
7/31/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$320.00 ➝ $341.00	-1.06%
7/31/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$335.00 ➝ $340.00	-0.42%
7/31/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$220.00 ➝ $265.00	-21.82%
7/31/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$340.00 ➝ $380.00	+22.02%
7/31/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$375.00 ➝ $375.00	+20.22%
Get the Latest News and Ratings for ANET and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Arista Networks and its competitors with MarketBeat's FREE daily newsletter.
7/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$340.00 ➝ $390.00	+16.55%
7/18/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$325.00 ➝ $355.00	+7.64%
7/17/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$349.00 ➝ $432.00	+26.40%
7/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$340.00 ➝ $400.00	+11.34%
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$302.00 ➝ $345.00	-4.67%
6/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$330.00 ➝ $385.00	+15.03%
6/20/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$320.00 ➝ $380.00	+11.35%
6/14/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$313.00 ➝ $356.00	+16.86%
2/13/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform
2/13/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Outperform ➝ Market Outperform	$325.00	+15.60%
1/8/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$300.00	+20.33%
10/31/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
8/2/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$195.00 ➝ $225.00	+24.94%
7/20/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$210.00	+19.14%
5/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$146.00 ➝ $151.00	-5.72%
2/14/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$181.00 ➝ $188.00	+38.24%
2/14/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$212.00 ➝ $225.00	+65.44%
12/13/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$203.00 ➝ $212.00	+57.18%
11/3/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$135.00 ➝ $140.00	+11.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:36 PM ET.

ANET Forecast - Frequently Asked Questions

What is Arista Networks' forecast for 2024?: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Arista Networks is $358.63, with a high forecast of $432.00 and a low forecast of $265.00.
Should I buy or sell Arista Networks stock right now?: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ANET shares.
Does Arista Networks's stock price have much upside?: According to analysts, Arista Networks's stock has a predicted upside of 10.10% based on their 12-month stock forecasts.
What analysts cover Arista Networks?: Arista Networks has been rated by research analysts at Bank of America, Barclays, Citigroup, Erste Group Bank, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Needham & Company LLC, Piper Sandler, Rosenblatt Securities, UBS Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Arista Networks more than its competitors?: Analysts like Arista Networks more than other "computer and technology" companies. The consensus rating score for Arista Networks is 2.75 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how ANET compares to other companies.