Citi analyst Jim Suva upgraded Arista Networks Inc., noting that the recent sell-off has provided a good buying opportunity for investors.
Suva raised his rating to Buy from Neutral and reiterated the $150 price target, suggesting an upside of 26.44 percent.
Suva noted that the 17 percent decline year-to-date occurred, although Arista’s fundamentals are “strong,” as capital expenditure spending for its customers is increasing.
Arista is a software and hardware provider for the networking solutions sector.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
Friends Read Free