10 High Flying AI Stocks This Week

8. Arista Networks Inc (NYSE:ANET)

Number of Hedge Fund Holders: 75

Arista Networks Inc (NYSE:ANET) is one of the 10 High Flying AI Stocks This Week. On August 6, KeyBanc analyst Brandon Nispel raised the price target on the stock to $145.00 (from $115.00) while maintaining an Overweight rating.

The price target raise follows Arista’s second-quarter results which exemplified strong artificial intelligence demand, flourishing opportunities from NeoClouds, and traction in the Enterprise and Campus markets.

The firm also believes that Meta and Microsoft will continue to increase their capital expenditures, and that overall hyperscale cloud capital expenditure will rise.

“We think with: 1) Meta/Microsoft capex expected to continue ramping; 2) overall Hyperscale cloud capex expected to rise >50% in ’25 and >20% in ’26; and 3) increased levels of opportunity from emerging segments, ANET appears well positioned. While the stock is expensive, we think ANET appears poised to continue to grow at midteens+ with best-in-class margins that continue to deserve a premium valuation.”

Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions.