Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Arista Networks stock reached a new all-time high, hitting 162.78 USD, marking a significant milestone for the $202 billion market cap company. Over the past year, Arista Networks has experienced a remarkable 66.95% increase in its stock price (63.67% total return according to InvestingPro data), reflecting strong investor confidence and robust market performance. Even more impressive is the nearly 97% price return over just the past six months. This surge in stock value underscores the company’s growth trajectory and its ability to capitalize on the increasing demand for networking solutions, with revenue growing at nearly 26% year-over-year. The new all-time high highlights Arista Networks’ resilience and adaptability in a competitive tech landscape, as it continues to innovate and expand its market presence. InvestingPro rates Arista’s overall financial health as "GREAT," though its current P/E ratio of 63 suggests the stock may be trading above its Fair Value. Investors can access 17 additional ProTips and comprehensive analysis through Arista’s Pro Research Report, available with an InvestingPro subscription.
In other recent news, Arista Networks has introduced its R4 Series routing platforms, which are designed for artificial intelligence and data center applications. This new product line supports 800 Gigabit Ethernet connectivity, with the flagship 7800R4 modular system offering up to 576 ports of 800GbE in a single chassis. Evercore ISI has reiterated an Outperform rating for Arista Networks, anticipating a potential beat-and-raise in the upcoming third-quarter earnings. The firm expects Arista to surpass the consensus estimates of $2.26 billion in revenue and $0.71 in earnings per share. Meanwhile, Needham has increased its price target for Arista Networks to $160, citing new Cloud/AI capabilities and investments in Enterprise Campus. UBS has maintained its Buy rating and $155 price target, highlighting Arista’s positive outlook for the year 2026. However, Arista’s stock recently faced a decline after NVIDIA announced that Meta and Oracle will adopt its Spectrum-X Ethernet networking switches for their AI data centers.
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