Here's Why Loop Capital Considers Arista Networks As Top Pick For 2022
Loop Capital analyst Fahad Najam initiated coverage of Arista Networks Inc (NYSE: ANET) with a Buy rating and $157 price target (28% upside) while also naming the stock his Top Pick for 2022.
The company is a franchise name in networking with further significant opportunities in the hyper-scale Data Center Switching market and a growing total addressable market expansion in the enterprise Campus Switching market.
Najam adds that Arista has the best-in-class management team at the helm.
The firm's culture of innovating ahead of its customers allows it to "continue to disrupt" the networking equipment market.
Related: Why Arista Networks Stock Is Trading Higher During Monday's After-Hours Session
Keybanc analyst Thomas Blakey maintained Arista Networks with an Overweight and raised the price target from $165 to $172 (40.18% upside).
Price Action: ANET shares traded higher by 9.92% at $135 in the premarket on the last check Tuesday.
Latest Ratings for ANET
Feb 2022 | Morgan Stanley | Maintains | Equal-Weight | |
Feb 2022 | Wells Fargo | Maintains | Equal-Weight | |
Feb 2022 | Citigroup | Maintains | Buy |
View More Analyst Ratings for ANET
View the Latest Analyst Ratings
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