Arista Networks

ANET · NYSE

$181.19−$1.76 (−0.96%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $182.95

ANET analyst rating

BuyConsensus of 17 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy17
Hold0
Underperform0
Sell0

12-month price target · 30 analysts

Average $243.12 (+34.2% upside)

Low: $141.40
Now: $181.19
High: $303.45

Upgrades and downgrades

The latest rating actions, newest first

ANET analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Oct 19, 2026	Maintains	Buy	$250.00 → $205.00	65%
Citigroup	Oct 8, 2026	Maintains	Buy	$215.00 → $248.00	71%
Bernstein	Sep 30, 2026	Initiates	Outperform	$250.00	0%
Deutsche Bank	Sep 1, 2026	Initiates	Hold → Buy	$220.00	57%
Barclays	Aug 6, 2026	Maintains	Overweight	$195.00 → $289.00	58%
UBS	Aug 5, 2026	Maintains	Buy	$187.00 → $259.00	65%
TD Cowen	Aug 5, 2026	Maintains	Buy	$210.00 → $250.00	65%
Morgan Stanley	Aug 5, 2026	Maintains	Overweight	$190.00 → $220.00	62%
Truist Securities	Aug 5, 2026	Maintains	Buy	$175.00 → $234.00	58%
Piper Sandler	Aug 5, 2026	Maintains	Overweight	$181.00 → $240.00	51%

The case for and against

Updated Oct 14, 2026

Bull case

Arista Networks is viewed favorably because it is compounding market share in cloud and data center networking while benefiting from exceptional AI-driven demand across hyperscalers, neoclouds, and enterprise inference. Revenue grew 35% year over year to $2.71B, gross margin was 62.4%, operating margin reached 47.8%, and FY26 revenue growth guidance was raised to 27.7% with AI revenue targeted at $3.5B. Its unified software-and-hardware platform, strong customer ties with Microsoft and Meta, and expanding 1.6Tbps and XPU opportunities support a durable secular growth profile despite supply constraints.

Bear case

Arista Networks is facing a negative outlook because its growth is increasingly dependent on a narrow customer base, with outsized exposure to Microsoft, Meta, and Google creating quarterly volatility and a growing mismatch between large-cloud capex plans and Arista’s 2026 revenue expectations. Although management raised its annual AI revenue target to $3.5B from $3.25B and has $8.9B of prepaid commitments, supply tightness and willingness to sacrifice margin to ship revenue could pressure execution, while gross margins are still only expected in the 62-64% range over the next two to three years. Competition from Cisco, Dell, Extreme Networks, Juniper, Huawei, and upstarts, along with lengthening sales cycles, macro weakness, and rapid technology shifts, further threaten revenue durability and valuation quality.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.