Arista Networks identified as top AI stock with optimistic price target and growth catalysts

From Yahoo Finance: 2025-06-27 07:04:00

Arista Networks Inc (NYSE:ANET) is identified as one of the top 10 AI stocks on Wall Street, with an “Outperform” rating and $110.00 price target by Evercore ISI analyst Amit Daryanani on June 25. The firm sees Meta’s two-layer scheduled fabric architecture as a significant opportunity for Arista.

Meta and Oracle are expected to increase deployment of Arista’s two-layer approach in the second half of the year, utilizing Broadcom’s Jericho and Ramon chipsets. Arista accounts for an estimated 30% of spend in the three-layer architecture versus 100% in the two-layer approach, driving anticipated growth in CY25 and beyond.

Arista Networks Inc develops, markets, and sells cloud networking solutions. The firm is expected to secure about 30% of back-end cloud networking spend, with CY25 guidance updates, OCP announcements from Meta, and Meta revenue percentage disclosure anticipated during fourth-quarter earnings as catalysts for growth.

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Read more: 3 Upcoming Catalysts That Could Propel Arista Networks (ANET) Higher