10 Most Promising AI Stocks to Buy and Hold for the Next 2 Years

8. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 85

Projected Long-Term EPS Growth (3-5 years CAGR): ~18%

Arista Networks, Inc. (NYSE:ANET) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years. On June 18, KeyBanc analyst Brandon Nispel lifted the firm’s price objective on the company’s stock to $200 from $178 and maintained an “Overweight” rating on the shares. This comes after meetings with the company, confirming strong demand, an important catalyst from XPU, as well as an additional catalyst from Inference.

The supply concerns and deferred revenue confusion are now largely addressed, and these issues are short-term in the context of a secular demand profile. As per the firm, Arista Networks, Inc. (NYSE:ANET)’s revenue growth outlook remains intact.

In a different release, the company announced the Arista 7060XE7 Series, which is a new portfolio of 1.6T networking platforms designed particularly as the foundation for rack-scale AI infrastructure. The 7060XE7 Series reflects the company’s shift from providing high-performance switches to delivering comprehensive rack-scale systems.

Arista Networks, Inc. (NYSE:ANET) is a computer hardware company that develops client-to-cloud networking solutions for AI, data center, campus, and routing environments.