Arista Networks (NYSE:ANET) Price Target & New Coverage by Goldman Sachs
Investment analysts at Goldman Sachs began coverage on Arista Networks (NYSE:ANET) with “Buy” rating. The target for ANET is exactly $320.0. It gives a potential upside of 60.09 % from firm’s current stock price.
Despite the new coverage NYSE:ANET is now trading -0.89% lower at $239.01 as of 2:06 PM New York time. Arista Networks shares have [From2] 0% in the last 200 days, while the S&P500 Index has added 6.00% during the same time.
According to data compiled by Thomson Reuters, Arista Networks (NYSE:ANET)’s stock is covered by 21 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $79.3, which reflects an downside potential of 66.82% over the current price.
Arista Networks (NYSE:ANET) Profile
Arista Networks, Inc. is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), a set of network applications and its Ethernet switching and routing platforms.
Arista Networks (NYSE:ANET) traded down -0.89% on 7 February, hitting $239.01. A total of 617,288 shares of the company’s stock traded hands. This is down from average of 854,451 shares. Arista Networks has a 52 week low of $87.33 and a 52 week high of $245.65. The company has a market cap of $17.47 billion and a P/E ratio of 49.63.
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The post Equity Research Analysts at Goldman Sachs Begun Coverage of Arista Networks (NYSE:ANET) with a “Buy” Rating. The Target is Set to $320.0 appeared first on Octafinance.