Raises Bofa Securities Price Target for Arista Networks (anet)

Arista Networks Inc. (NYSE:ANET) is one of the 10 best computer hardware stocks to buy for the next 5 years. On June 8, following multiple networking presentations hosted at its Global Technology Conference in San Francisco, Bank of America Securities adjusted its valuatio

Arista Networks Inc. (NYSE:ANET) is one of the 10 best computer hardware stocks to buy for the next 5 years.

On June 8, following multiple networking presentations hosted at its Global Technology Conference in San Francisco, Bank of America Securities adjusted its valuations across the sector

Analyst Tal Liani raised the target price on Arista Networks Inc. (NYSE:ANET) from $185 to $200, which leads to almost 30% upside potential at the prevailing level. The analyst also reiterated a Buy rating on the stock. Copyright: melpomen / 123RF Stock Photo Back on May 7, the price target on Arista Networks Inc. (NYSE:ANET) was increased from $175 to $181 by Piper Sandler.

This yields a revised upside potential of over 17%. The firm also maintained its Overweight rating on the stock. Piper Sandler noted that share prices had dropped during early May, following a 35% surge during April, with early post-result worries surrounding maximum growth and escalating de-commitments limiting growth.

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