Arista Networks, Inc. (ANET)
NYSE: ANET · IEX Real-Time Price · USD
357.01
+0.31 (0.09%)
At close: Jul 2, 2024, 4:00 PM
356.99
-0.02 (-0.01%)
After-hours: Jul 2, 2024, 7:58 PM EDT
Arista Networks Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Arista Networks stock have an average target of 311.3, with a low estimate of 210 and a high estimate of 385. The average target predicts a decrease of -12.80% from the current stock price of 357.01.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ANET stock from 22 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 8 | 7 | 8 | 9 |
| Buy | 9 | 9 | 8 | 8 | 9 | 9 |
| Hold | 2 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Total | 20 | 21 | 19 | 19 | 21 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $330 → $385 | Strong Buy | Maintains | $330 → $385 | +7.84% | Jun 27, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $320 → $380 | Strong Buy | Maintains | $320 → $380 | +6.44% | Jun 20, 2024 |
| Erste Group | Erste Group | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | Jun 14, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $300 → $325 | Buy | Maintains | $300 → $325 | -8.97% | Jun 12, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $320 → $340 | Buy | Maintains | $320 → $340 | -4.76% | May 20, 2024 |
Financial Forecast
Revenue This Year
6.84B
from 5.86B
Increased by 16.77%
Revenue Next Year
7.94B
from 6.84B
Increased by 16.02%
EPS This Year
8.08
from 6.58
Increased by 22.79%
EPS Next Year
9.17
from 8.08
Increased by 13.44%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.3B | 8.8B | 10.4B | 12.0B | 13.6B |
| Avg | 6.8B | 7.9B | 9.1B | 11.3B | 13.2B |
| Low | 6.5B | 7.3B | 8.4B | 10.4B | 12.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.5% | 28.8% | 31.1% | 32.1% | 21.0% |
| Avg | 16.8% | 16.0% | 14.6% | 23.8% | 17.5% |
| Low | 10.6% | 6.4% | 5.3% | 14.6% | 12.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.95 | 10.41 | 12.37 | 14.40 | 16.45 |
| Avg | 8.08 | 9.17 | 10.51 | 13.42 | 15.98 |
| Low | 7.20 | 8.20 | 9.19 | 12.35 | 15.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.0% | 28.8% | 35.0% | 36.9% | 22.6% |
| Avg | 22.8% | 13.4% | 14.7% | 27.6% | 19.1% |
| Low | 9.3% | 1.5% | 0.3% | 17.5% | 14.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.