William Blair Reiterates a Buy on Arista Networks Inc (ANET)

​Arista Networks Inc. (NYSE:ANET) is one of the Best Technology Stocks to Invest in for the Long Term. On September 16, William Blair analyst Sebastien Naji reiterated a Buy rating on Arista Networks Inc (NYSE:ANET) without disclosing any price target.

​The analyst noted that Arista Networks Inc. (NYSE:ANET) is focusing on growing its market share in the AI sector. This includes targeting cloud giants and neocloud customers, which are expanding fast and providing strong opportunities. Moreover, Naji highlighted that the stock’s premium valuation is supported by its solid investments in data centers and a rising enterprise customer base. These drivers are expected to sustain the stock’s performance.

​Similarly, Arista Networks Inc (NYSE:ANET) is also boosting enterprise sales through direct selling and channel investments. The analyst also highlighted the acquisition of VeloCloud, which has broadened the company’s reach, especially with managed service providers. Despite competition from firms like HPE and Juniper, the company’s broad campus networking and unified operating system offerings remain attractive.

Arista Networks Inc. (NYSE:ANET) provides advanced networking solutions for AI, data centers, campuses, and routing environments. Its core technology is the Extensible Operating System , which enables high-speed, automated, and secure network management.

While we acknowledge the potential of ANET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANET and that has 100x upside potential, check out our report about this cheapest AI stock.

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