Arista Networks (ANET) Reiterated Top Pick at Evercore ISI After Handily Beating Earnings

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $160.00 price target on Arista Networks (NYSE: ANET) highlighting the company as his top pick after reporting impressive $825M/$0.82 vs. the street at $790M/$0.74. This amounts to 27% growth despite continued supply chain headwinds.

The analyst stated "Arista remains a core name to own and near-term margin headwinds do not impact the long-term narrative as the company is positioned to sustain high teens top line growth over the next few years pushing the company towards a $3.50+ EPS run-rate over the next 1-2 years."

For an analyst ratings summary and ratings history on Arista Networks click here. For more ratings news on Arista Networks click here.

Shares of Arista Networks closed at $122.82 yesterday.

You May Also Be Interested In

• Freedom Broker Downgrades PayPal (PYPL) to Hold
• Avita Medical Ltd. (RCEL) PT Raised to $20 at TD Cowen
• Ideaya Biosciences (IDYA) PT Lowered to $57 at Truist Securities