Why Arista Networks Inc. (ANET) Soared Last Week
From Yahoo Finance: 2025-05-04 05:39:00
Last week saw a calm market with optimism as tariffs paused, boosted by strong corporate earnings. Nasdaq led with a 3.4% gain, followed by Dow Jones at 3% and S&P 500 at 2.9%. Ten firms stood out with double-digit gains due to strong earnings and outlook.
Arista Networks Inc. (ANET) saw a 16.8% surge last week, closing at $91.02 on Friday. Investor confidence boosted by bullish outlooks from investment firms. Morgan Stanley raised price target by 37% to $100, while Rosenblatt Securities upgraded ANET to Neutral, citing resilience in forecasts.
ANET is set to release Q1 earnings on May 6. It ranked 8th on the list of top-performing firms last week. While ANET shows promise, AI stocks are believed to offer higher returns in a shorter time frame. Check out the report on the cheapest AI stock with promising potential.