10 Trending AI Stocks on News and Ratings

7. Arista Networks Inc (NYSE:ANET)

Number of Hedge Fund Holders: 75

Arista Networks Inc (NYSE:ANET) is one of the 10 Trending AI Stocks on News and Ratings. On July 1, Goldman Sachs analyst Hendi Susanto reiterated a “Buy” rating on the stock with a $115.00 price target. The rating affirmation followed Arista’s new enterprise networking products.

The company has recently introduced new enterprise campus and branch networking offerings, which include switches, indoor and outdoor Wi-Fi 7 access points, and a new enterprise router. Moreover, it also announced acquiring VeloCloud, a cloud-managed SD-WAN provider, from Broadcom.

The firm believes that these announcements and acquisitions are positive catalysts for Arista, offering its customers additional choices and features that support network security and data traffic processing.

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