- Arista Networks poised for growth: The company targets the booming $29 billion AI networking market.
- Analyst projections: Arista Networks could see revenue increases of $7 billion and EPS growth exceeding $2.00 by 2029.
- Current stock evaluation: The consensus rating stands at "Outperform," with a notable potential upside.
Arista Networks (ANET, Financial) is strategically positioned to take advantage of the burgeoning AI networking sector, which presents a lucrative opportunity for substantial revenue and earnings enhancement by 2029. Evercore ISI underscores this potential, highlighting Arista's prospects in a $29 billion market, forecasting the possibility of an additional $7 billion in revenue coupled with an EPS increase of over $2.00.
Wall Street Analysts Forecast
With insights from 19 analysts, the average one-year price target for Arista Networks Inc (ANET, Financial) is pegged at $105.54. This projection includes a high forecast of $130.00 and a low of $79.00, indicating a potential upside of 13.86% from the current share price of $92.69. To explore further, visit the Arista Networks Inc (ANET) Forecast page for comprehensive estimate data.
In terms of brokerage recommendations, Arista Networks Inc (ANET, Financial) boasts an average rating of 1.9 on a scale of 1 to 5 among 25 brokerage firms, signifying an "Outperform" evaluation. The scale ranges from 1, denoting a Strong Buy, to 5, indicating a Sell recommendation.
GuruFocus provides its own analysis, estimating the GF Value for Arista Networks Inc (ANET, Financial) to be $86.78 in one year. This suggests a downside of 6.38% from the current stock price of $92.69. The GF Value is a GuruFocus assessment of a stock's fair trading value, derived from historical trading multiples, past business performance, and future business outlook. Detailed insights are available on the Arista Networks Inc (ANET) Summary page.
