Rosenblatt Raises Price Target For Arista Networks (ANET)

Arista Networks (NYSE:ANET) is one of the 11 best communication equipment stocks according to hedge funds.

On February 10, Michael Genovese from Rosenblatt raised his price target for Arista Networks (NYSE:ANET) from $140 to $165. He reaffirmed his Neutral rating on the stock, which now offers a 20% upside potential at the prevailing level.

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Genovese’s rating comes prior to the company’s fourth-quarter announcement. He noted favorable developments on Arista’s recent wins and opportunities. The analyst also acknowledged the company’s multiple fabric solutions that have enabled a prolonged share retention at Meta compared to what had been previously anticipated.

On January 26, Wells Fargo Analyst Aaron Rakers shared his thoughts on Microsoft’s (MSFT) rollout of its second-generation Maia 200 AI chips. These are designed specifically to power OpenAI’s GPT 5.2 and Microsoft Copilot, highlighting the company’s reduced dependency on Nvidia (NVDA). Rakers described this development as “derivative positive” for Arista Networks (NYSE:ANET), given Microsoft’s shift toward Ethernet-driven scale-up support for AI workloads.

Arista Networks (NYSE:ANET) develops and sells high-performance, software- and data-driven client-to-cloud networking solutions. It predominantly facilitates AI, data center, and routing architectures. The company focuses heavily on low latency, automation, high-speed, and scalability, serving various market segments such as cloud service providers, financial services firms, government clients, healthcare, education, energy, and others.

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Disclosure: None. This article is originally published at Insider Monkey.