Arista Networks stock price target raised to $160 from $155 at Needham

Investing.com - Needham has raised its price target on Arista Networks (NYSE:ANET) to $160.00 from $155.00 while maintaining a Buy rating on the stock. The company, currently trading at $145.43, has demonstrated remarkable strength with a 74% surge over the past six months. According to InvestingPro analysis, the stock appears overvalued at current levels.

The research firm cited Arista’s Analyst Day presentation, where management outlined new Cloud/AI capabilities targeting both White Box and Nvidia, along with new investments in Enterprise Campus aimed directly at competing with Cisco. With a market capitalization of $182.8 billion and impressive revenue growth of 26% in the last twelve months, Arista maintains its position as a prominent player in the Communications Equipment industry.

Needham expressed confidence in Arista’s recent senior management hires, describing them as capable of driving the necessary rate of change to expand the company’s dominant market position.

The firm’s proprietary research confirmed that Arista became a major new supplier to AI company Anthropic in 2025, a partnership expected to contribute material revenue in 2026.

Needham made modest adjustments to its fiscal 2026 estimates for Arista Networks as part of the price target increase.

In other recent news, Arista Networks has seen a series of positive updates from various analyst firms. Goldman Sachs has increased its price target for Arista Networks to $175, maintaining a Buy rating, and highlighted the company’s updated financial framework, which includes a 20% revenue growth guidance for 2026. Similarly, BofA Securities also raised its price target to $175, citing Arista’s superior technology and innovation capabilities. Wolfe Research increased its price target to $185, emphasizing Arista’s role in enhancing data center efficiency, particularly in AI networking environments.

UBS maintained its Buy rating and a price target of $155, noting Arista’s bullish outlook for the calendar year 2026. Rosenblatt raised its price target to $140, maintaining a Neutral rating, and noted a strategic shift in Arista’s differentiation towards cloud integration and automation. These developments follow Arista’s Analyst Day, where the company presented its strategies for maintaining leadership in the Ethernet Networking market. The analyst updates reflect confidence in Arista’s growth potential and technological advancements.

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