Goldman Sachs raised the firm’s price target on Arista Networks (ANET) to $145 from $135 and keeps a Buy rating on the shares. The company reported a Q4 beat and increased its 2025 outlook, the analyst tells investors in a research note. The firm is “encouraged” by Arista’s reiteration of its $750M back-end artificial intelligence revenue target in 2025 as three AI cluster buildouts move into production despite one AI cluster buildout no longer expected to contribute to revenue.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANET:
- Arista Networks price target raised to $121 from $115 at Citi
- Arista Networks price target raised to $126 from $125 at Barclays
- Arista Networks’ Strong Financial Performance in 2024
- Closing Bell Movers: Shift4 down 10%, Penumbra up 8% after results
- ANET Earnings: Arista Networks Beats Wall Street Targets Across the Board