Arista Networks (ANET) Gets $145 Price Target as Meta and Microsoft Boost Capex

Arista Networks Inc (NYSE:ANET) is one of the High Flying AI Stocks This WeekOn 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)

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

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

While we acknowledge the risk and potential of ANET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ANET and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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