Arista Networks (ANET) Eyes $750M AI Back-End Target; Citi Raises Price Target to $112
From Yahoo Finance: 2025-05-29 14:45:00
Citi raises Arista Networks price target to $112, maintains Buy rating. Arista focuses on data-driven networking solutions for data center, campus, and routing environments. Advisory expects company to double share in Ethernet AI back end by FY25, on track to reach $750 million AI back-end target for FY25, reflecting nearly 20% share.
Arista Networks projects Q2 revenue of $2.1 billion with 63% gross margin, 46% operating margin, and 21.5% effective tax rate. Reiterates FY25 revenue guidance of $8.2 billion. Despite potential, some AI stocks offer greater returns with limited downside risk. Check out our report on the cheapest AI stock for 100x upside potential.
Read more: Arista Networks (ANET) Eyes $750M AI Back-End Target; Citi Raises Price Target to $112