UPDATE: Arista Networks (ANET) PT Raised to $345 at Morgan Stanley as Cloud Titan Demand is Positioned for Upside

February 19, 2021 3:12 AM EST
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Price: $316.67 +0.58%

Rating Summary:
    24 Buy, 19 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 2 | New: 31
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(Updated - February 19, 2021 9:01 AM EST)

Morgan Stanley analyst Meta Marshall raised the price target on Arista Networks (NYSE: ANET) to $345.00 (from $320.00) after the company reported Q4 driven by resilient SP, T2 Cloud, and Enterprise demand.

The analyst reiterated the Overweight rating, stating "While upside in Q4 was modest and driven
largely by SP/T2 Cloud Provider contributions, in-line with expectations we noted in our preview, we believe growth momentum in ANET's Enterprise and Provider business will continue while Cloud Titan demand is positioned for upside. At the very least, we do not expect the contraction we saw in 2020. We think there is greater risk in potential for upgrade delays or component supply challenges rather than material share loss".

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