Why Arista Networks Stock Rocketed Higher This Week
Next-generation IT networking company Arista Networks (NYSE: ANET) cruised into the weekend on a high note. After all, according to data compiled by S&P Global Market Intelligence, the company's shares saw a more than 16% surge in price over the week. This occurred largely because of an analyst recommendation change for the better.On Tuesday, Rosenblatt Securities prognosticator Mike Genovese became slightly more optimistic on Arista's future, as he upgraded his recommendation to neutral from his previous sell. His price target on the specialty tech company is now $85 per share. Image source: Getty Images.Continue reading
Next-generation IT networking company Arista Networks (NYSE: ANET) cruised into the weekend on a high note. After all, according to data compiled by S&P Global Market Intelligence, the company's shares saw a more than 16% surge in price over the week. This occurred largely because of an analyst recommendation change for the better.
On Tuesday, Rosenblatt Securities prognosticator Mike Genovese became slightly more optimistic on Arista's future, as he upgraded his recommendation to neutral from his previous sell. His price target on the specialty tech company is now $85 per share.
Image source: Getty Images.
