Arista Networks (ANET) Stock Forecast & Price Target

$400.35 +18.64 (+4.88%)

(As of 11:50 AM 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 19 Analyst Ratings

Sell
1

Hold
3

Buy
15

Based on 19 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 19 analysts, 1 has given a sell rating, 3 have given a hold rating, and 15 have given a buy rating for ANET.

Consensus Price Target

$395.19
-1.29% Downside

According to the 19 analysts' twelve-month price targets for Arista Networks, the average price target is $395.19. The highest price target for ANET is $495.00, while the lowest price target for ANET is $300.00. The average price target represents a forecasted downside of -1.29% from the current price of $400.35.

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ANET Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)	17 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	$395.19	$369.50	$353.38	$214.72
Forecasted Upside	-1.29% Downside	-6.84% Downside	-0.49% Downside	-1.34% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.74	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.53% Upside	547.67% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent ANET 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
11/8/2024	Rosenblatt Securities 3 of 5 stars	Boost Target	Sell ➝ Sell	$265.00 ➝ $320.00	-20.09%
11/8/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$341.00 ➝ $495.00	+23.82%
11/8/2024	UBS Group 4 of 5 stars	Boost Target	Neutral ➝ Neutral	$369.00 ➝ $425.00	+5.93%
11/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$345.00 ➝ $421.00	-2.45%
10/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$390.00 ➝ $460.00	+15.31%
10/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$385.00 ➝ $460.00	+15.05%
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.
10/1/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$400.00 ➝ $425.00	+11.52%
9/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$390.00 ➝ $430.00	+12.91%
7/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$335.00 ➝ $340.00	-0.42%
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%
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%
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
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:17 PM ET.

Should I Buy Arista Networks Stock? ANET Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 24, 2024. Please send any questions or comments about these Arista Networks pros and cons to contact@marketbeat.com.

Arista Networks
Bull Case

Here are some ways that investors could benefit from investing in Arista Networks, Inc.:

Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments globally.
The company has shown consistent growth in annual revenue over recent periods, indicating a strong financial performance.
With a high return on equity, Arista Networks, Inc. demonstrates efficient use of shareholder funds to generate profits.
Investors may find the current stock price of Arista Networks, Inc. attractive for potential value appreciation.
Arista Networks, Inc. operates in a sector with high growth potential, providing opportunities for market expansion and increased profitability.

Arista Networks
Bear Case

Investors should be bearish about investing in Arista Networks, Inc. for these reasons:

While the company has shown growth, the industry it operates in may face challenges that could impact future performance.
Consensus ratings and price targets for Arista Networks, Inc. may indicate mixed opinions among analysts, leading to uncertainty in investment decisions.
Factors such as beta, debt-to-equity ratio, and quick ratio should be carefully considered by investors to assess the company's financial stability and risk levels.
Forward price-to-earnings ratio and price-to-earnings growth ratio may influence investor perceptions of Arista Networks, Inc.'s valuation and growth potential.
Annual dividend yield and dividend payout ratios could affect income-oriented investors seeking consistent returns.

ANET Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Arista Networks is $395.19, with a high forecast of $495.00 and a low forecast of $300.00.
: 19 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 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ANET shares.
: According to analysts, Arista Networks's stock has a predicted downside of -1.29% based on their 12-month stock forecasts.
: Arista Networks has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Piper Sandler, Rosenblatt Securities, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Arista Networks more than other "computer and technology" companies. The consensus rating score for Arista Networks is 2.74 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how ANET compares to other companies.

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This page (NYSE:ANET) was last updated on 11/21/2024 by MarketBeat.com Staff

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Arista Networks (ANET) Stock Forecast & Price Target