10 AI Stocks Making Moves This Week

5. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 78

Arista Networks, Inc. (NYSE:ANET) develops, markets, and sells cloud networking solutions. On May 7, Bank of America reiterated the stock as “Buy.” The firm said it’s standing by Arista following earnings on Tuesday. “

We remain positive on management’s ability to execute, the company’s technological differentiation, product positioning, and its [total addressable market] growing to $60bn by 2027.”

On Wall Street, analysts have an average price target of $108.08 on ANET stock, which implies an upside of 25% from current levels.