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Piper Sandler Raises Arista Networks (ANET) Target on AI Momentum

Arista Networks Inc (NYSE:ANET) is one of the 12 AI Stocks Wall Street Is Watching Now. The key takeaway for Arista Networks recently is “continue to accumulate here.” Piper Sandler sees AI-driven demand for the stock and that too, despite having near-term concerns centered on growth and increased de-commitments.

On May 6,  analyst James Fish raised the price target on the stock to $181 from $175 and maintained an “Overweight” rating.

Shares are lower following a 35% run over the last month, with early concerns post-print around ‘peak-growth’ and “increased de-commitments” commentary constraining growth.

Investors, the firm noted, have been concerned about peak growth and increased de-commitments, which suggests how some customers may be reducing or even delaying prior commitments. However, this weakness isn’t reason enough to avoid the stock.

Piper Sandler noted how Arista’s business is demonstrating acceleration on the back of AI exposure. ANET, it noted, is well-exposed for inference-based use cases provided that it counts hyperscalers, AI Titans, neoclouds, Edge Platforms, and large enterprises as customers.

What’s been working in this market is acceleration due to AI, and Arista is no exception to that, as the strong growth should persist through this year given underlying demand & visibility (and despite competitive concerns). Continue to accumulate here.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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