Arista Networks (ANET) Stock Forecast, Price Target & Predictions
ANET Stock Forecast
Arista Networks stock forecast is as follows: an average price target of $235.35 (represents a -37.69% downside from ANET’s last price of $377.70) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
ANET Price Target
The average price target for Arista Networks (ANET) is $235.35 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $430.00 to $87.50. This represents a potential -37.69% downside from ANET's last price of $377.70.
ANET Analyst Ratings
According to 17 Wall Street analysts, Arista Networks's rating consensus is 'Buy'. The analyst rating breakdown for ANET stock is 0 'Strong Buy' (0.00%), 14 'Buy' (82.35%), 3 'Hold' (17.65%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Arista Networks Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 23, 2024 | Hendi Susanto | Goldman Sachs | $430.00 | $385.57 | 11.52% | 13.85% |
| Sep 12, 2024 | Amit Daryanani | Evercore ISI | $400.00 | $355.36 | 12.56% | 5.90% |
| Jul 31, 2024 | George Notter | Jefferies | $380.00 | $311.42 | 22.02% | 0.61% |
| Jul 24, 2024 | Aaron Rakers | Wells Fargo | $390.00 | $346.65 | 12.51% | 3.26% |
| Jun 06, 2024 | Michael Ng | New Street | $389.00 | $295.50 | 31.64% | 2.99% |
| Jun 05, 2024 | Meta Marshall | Morgan Stanley | $300.00 | $297.56 | 0.82% | -20.57% |
| May 23, 2024 | Mike Genovese | Rosenblatt Securities | $220.00 | $301.42 | -27.01% | -41.75% |
| May 20, 2024 | Amit Daryanani | Evercore ISI | $340.00 | $319.89 | 6.29% | -9.98% |
| May 08, 2024 | Steve Enders | KeyBanc | $349.00 | $291.67 | 19.66% | -7.60% |
| Apr 12, 2024 | Amit Daryanani | Evercore ISI | $300.00 | $271.22 | 10.61% | -20.57% |
The latest Arista Networks stock forecast, released on Sep 23, 2024 by Hendi Susanto from Goldman Sachs, set a price target of $430.00, which represents a 11.52% increase from the stock price at the time of the forecast ($385.57), and a 13.85% increase from ANET last price ($377.70).
Arista Networks Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 15 |
| Avg Price Target | - | $415.00 | $326.53 |
| Last Closing Price | $377.70 | $377.70 | $377.70 |
| Upside/Downside | -100.00% | 9.88% | -13.55% |
In the current month, the average price target of Arista Networks stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Arista Networks's last price of $377.70. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 01, 2024 | Zacks Investment Research | Perform | Perform | Hold |
| Sep 23, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Sep 12, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 31, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 31, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 24, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jul 18, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jul 17, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 15, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Arista Networks's last stock rating was published by Citigroup on Oct 07, 2024. The company gave ANET a "Buy" rating, the same as its previous rate.
Arista Networks Financial Forecast
Arista Networks Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.54B | $1.51B | $1.46B | $1.35B | $1.28B | $1.18B | $1.05B | $877.07M | $824.46M | $748.70M | $707.32M | $667.56M | $648.48M | $605.43M | $540.57M | $523.03M | $552.55M | $654.41M |
| Avg Forecast | $2.54B | $2.43B | $2.29B | $2.10B | $2.21B | $2.13B | $2.01B | $1.87B | $1.89B | $1.76B | $1.66B | $1.55B | $1.53B | $1.48B | $1.38B | $1.31B | $1.06B | $1.06B | $978.75M | $856.14M | $790.10M | $738.23M | $688.26M | $642.17M | $629.87M | $580.01M | $529.92M | $517.17M | $551.33M | $653.27M |
| High Forecast | $2.64B | $2.53B | $2.38B | $2.19B | $2.29B | $2.22B | $2.09B | $1.92B | $1.91B | $1.76B | $1.66B | $1.55B | $1.54B | $1.51B | $1.43B | $1.36B | $1.10B | $1.06B | $978.75M | $856.14M | $790.10M | $738.23M | $688.26M | $642.17M | $629.87M | $580.01M | $529.92M | $517.17M | $551.33M | $653.27M |
| Low Forecast | $2.47B | $2.37B | $2.23B | $2.05B | $2.15B | $2.08B | $1.96B | $1.81B | $1.88B | $1.75B | $1.66B | $1.55B | $1.52B | $1.46B | $1.34B | $1.28B | $1.03B | $1.06B | $978.75M | $856.14M | $790.10M | $738.23M | $688.26M | $642.17M | $629.87M | $580.01M | $529.92M | $517.17M | $551.33M | $653.27M |
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 9 | 9 | 10 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 1.06% | 1.03% | 1.20% | 1.11% | 1.07% | 1.02% | 1.04% | 1.01% | 1.03% | 1.04% | 1.03% | 1.04% | 1.02% | 1.01% | 1.00% | 1.00% |
Arista Networks's average Quarter revenue forecast for Mar 24 based on 9 analysts is $1.55B, with a low forecast of $1.55B, and a high forecast of $1.55B. ANET's average Quarter revenue forecast represents a 0.70% increase compared to the company's last Quarter revenue of $1.54B (Dec 23).
Arista Networks EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 9 | 9 | 10 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $650.30M | $602.70M | $548.38M | $505.48M | $486.45M | $434.50M | $377.77M | $291.08M | $281.42M | $248.91M | $235.53M | $222.57M | $215.28M | $216.74M | $194.88M | $183.69M | $207.77M | $255.97M |
| Avg Forecast | $883.11M | $845.64M | $796.67M | $732.73M | $767.92M | $742.55M | $698.60M | $652.42M | $658.24M | $610.96M | $576.33M | $378.67M | $534.03M | $515.19M | $479.66M | $344.24M | $271.40M | $372.70M | $343.87M | $312.95M | $277.59M | $259.37M | $241.81M | $211.35M | $221.30M | $203.78M | $186.18M | $162.38M | $193.70M | $229.52M |
| High Forecast | $918.77M | $879.79M | $828.84M | $762.32M | $798.94M | $772.53M | $726.81M | $669.77M | $665.24M | $611.37M | $576.33M | $454.40M | $537.52M | $526.30M | $499.03M | $413.09M | $325.68M | $372.70M | $343.87M | $375.54M | $277.59M | $259.37M | $241.81M | $253.62M | $221.30M | $203.78M | $186.18M | $194.85M | $193.70M | $229.52M |
| Low Forecast | $861.44M | $824.90M | $777.12M | $714.75M | $749.09M | $724.33M | $681.46M | $631.60M | $654.74M | $610.56M | $576.33M | $302.94M | $530.54M | $508.71M | $467.89M | $275.40M | $217.12M | $372.70M | $343.87M | $250.36M | $277.59M | $259.37M | $241.81M | $169.08M | $221.30M | $203.78M | $186.18M | $129.90M | $193.70M | $229.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.17% | 1.14% | 1.47% | 1.79% | 1.17% | 1.10% | 0.93% | 1.01% | 0.96% | 0.97% | 1.05% | 0.97% | 1.06% | 1.05% | 1.13% | 1.07% | 1.12% |
9 analysts predict ANET's average Quarter EBITDA for Mar 24 to be $378.67M, with a high of $454.40M and a low of $302.94M. This is -41.77% lower than Arista Networks's previous annual EBITDA (Dec 23) of $650.30M.
Arista Networks Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 9 | 9 | 10 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $613.64M | $545.33M | $491.88M | $436.47M | $427.09M | $354.00M | $299.10M | $272.26M | $239.29M | $224.31M | $196.89M | $180.37M | $182.96M | $168.38M | $144.79M | $138.43M | $260.69M | $208.90M |
| Avg Forecast | $954.26M | $915.54M | $856.74M | $786.45M | $840.97M | $809.84M | $756.24M | $707.02M | $723.03M | $666.85M | $622.92M | $317.23M | $545.93M | $506.34M | $460.69M | $288.39M | $230.77M | $333.98M | $294.11M | $262.18M | $235.16M | $218.44M | $203.75M | $171.27M | $191.22M | $177.28M | $155.76M | $122.37M | $167.40M | $192.71M |
| High Forecast | $1.00B | $963.60M | $901.72M | $827.73M | $885.12M | $852.36M | $795.94M | $758.21M | $797.27M | $668.28M | $622.93M | $380.68M | $561.90M | $541.59M | $484.88M | $346.07M | $276.93M | $333.98M | $294.11M | $314.61M | $235.16M | $218.44M | $203.75M | $205.53M | $191.22M | $177.28M | $155.76M | $146.84M | $167.40M | $192.71M |
| Low Forecast | $923.82M | $886.34M | $829.42M | $761.37M | $814.15M | $784.02M | $732.12M | $649.44M | $632.65M | $665.41M | $622.90M | $253.79M | $523.59M | $483.91M | $446.00M | $230.71M | $184.62M | $333.98M | $294.11M | $209.74M | $235.16M | $218.44M | $203.75M | $137.02M | $191.22M | $177.28M | $155.76M | $97.90M | $167.40M | $192.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.08% | 1.07% | 1.51% | 1.85% | 1.06% | 1.02% | 1.04% | 1.02% | 1.03% | 0.97% | 1.05% | 0.96% | 0.95% | 0.93% | 1.13% | 1.56% | 1.08% |
Arista Networks's average Quarter net income forecast for Mar 24 is $317.23M, with a range of $253.79M to $380.68M. ANET's average Quarter net income forecast represents a -48.30% decrease compared to the company's last Quarter net income of $613.64M (Dec 23).
Arista Networks SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 9 | 9 | 10 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $147.83M | $127.37M | $124.39M | $118.52M | $109.26M | $104.83M | $102.25M | $103.85M | $99.05M | $92.23M | $91.52M | $86.49M | $86.10M | $68.52M | $65.56M | $75.44M | $70.25M | $69.94M |
| Avg Forecast | $279.83M | $267.95M | $252.44M | $232.18M | $243.33M | $235.29M | $221.36M | $206.73M | $208.57M | $193.59M | $182.62M | $121.01M | $169.21M | $163.25M | $151.99M | $110.01M | $95.52M | $117.02M | $107.97M | $100.01M | $87.16M | $81.43M | $75.92M | $82.13M | $69.48M | $63.98M | $58.46M | $66.68M | $60.82M | $72.06M |
| High Forecast | $291.13M | $278.78M | $262.63M | $241.55M | $253.16M | $244.79M | $230.30M | $212.23M | $210.79M | $193.72M | $182.62M | $145.21M | $170.32M | $166.77M | $158.13M | $132.01M | $114.62M | $117.02M | $107.97M | $120.01M | $87.16M | $81.43M | $75.92M | $98.56M | $69.48M | $63.98M | $58.46M | $80.02M | $60.82M | $72.06M |
| Low Forecast | $272.96M | $261.38M | $246.24M | $226.48M | $237.36M | $229.52M | $215.93M | $200.13M | $207.46M | $193.46M | $182.62M | $96.81M | $168.11M | $161.19M | $148.26M | $88.00M | $76.42M | $117.02M | $107.97M | $80.00M | $87.16M | $81.43M | $75.92M | $65.71M | $69.48M | $63.98M | $58.46M | $53.35M | $60.82M | $72.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.78% | 0.82% | 1.08% | 1.14% | 0.90% | 0.95% | 1.04% | 1.14% | 1.13% | 1.21% | 1.05% | 1.24% | 1.07% | 1.12% | 1.13% | 1.16% | 0.97% |
Arista Networks's average Quarter SG&A projection for Mar 24 is $121.01M, based on 9 Wall Street analysts, with a range of $96.81M to $145.21M. The forecast indicates a -18.15% fall compared to ANET last annual SG&A of $147.83M (Dec 23).
Arista Networks EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 9 | 9 | 10 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.98 | $1.76 | $1.59 | $1.42 | $1.39 | $1.16 | $0.98 | $0.88 | $0.78 | $0.73 | $0.65 | $0.59 | $0.60 | $0.56 | $0.48 | $0.46 | $0.85 | $0.68 |
| Avg Forecast | $2.98 | $2.86 | $2.67 | $2.45 | $2.62 | $2.53 | $2.36 | $2.21 | $2.26 | $2.08 | $1.94 | $1.74 | $1.70 | $1.58 | $1.44 | $1.35 | $1.04 | $1.04 | $0.92 | $0.81 | $0.74 | $0.68 | $0.64 | $0.60 | $0.60 | $0.55 | $0.49 | $0.45 | $0.52 | $0.60 |
| High Forecast | $3.13 | $3.01 | $2.81 | $2.58 | $2.76 | $2.66 | $2.48 | $2.37 | $2.49 | $2.09 | $1.94 | $1.74 | $1.75 | $1.69 | $1.51 | $1.39 | $1.10 | $1.04 | $0.92 | $0.81 | $0.74 | $0.68 | $0.64 | $0.60 | $0.60 | $0.55 | $0.49 | $0.45 | $0.52 | $0.60 |
| Low Forecast | $2.88 | $2.77 | $2.59 | $2.38 | $2.54 | $2.45 | $2.28 | $2.03 | $1.97 | $2.08 | $1.94 | $1.74 | $1.63 | $1.51 | $1.39 | $1.30 | $1.01 | $1.04 | $0.92 | $0.81 | $0.74 | $0.68 | $0.64 | $0.60 | $0.60 | $0.55 | $0.49 | $0.45 | $0.52 | $0.60 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.11% | 1.11% | 1.05% | 1.33% | 1.11% | 1.07% | 1.09% | 1.06% | 1.07% | 1.01% | 0.99% | 1.01% | 1.00% | 0.98% | 1.00% | 1.63% | 1.13% |
According to 9 Wall Street analysts, Arista Networks's projected average Quarter EPS for Mar 24 is $1.74, with a low estimate of $1.74 and a high estimate of $1.74. This represents a -12.22% decrease compared to ANET previous annual EPS of $1.98 (Dec 23).
Arista Networks Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SMCI | Super Micro Computer | $28.27 | $529.36 | 1772.52% | Buy |
| DDD | 3D Systems | $3.01 | $7.25 | 140.86% | Buy |
| RGTI | Rigetti Computing | $1.31 | $3.00 | 129.01% | Buy |
| QBTS | D-Wave Quantum | $1.49 | $2.75 | 84.56% | Buy |
| CRCT | Cricut | $5.24 | $8.25 | 57.44% | Hold |
| SSYS | Stratasys | $9.19 | $12.25 | 33.30% | Buy |
| DM | Desktop Metal | $4.13 | $5.25 | 27.12% | Hold |
| PSTG | Pure Storage | $49.90 | $61.89 | 24.03% | Buy |
| HPQ | HP | $36.87 | $33.55 | -9.00% | Hold |
| NTAP | NetApp | $122.20 | $110.56 | -9.53% | Buy |
| DELL | Dell | $135.90 | $115.26 | -15.19% | Buy |
| ANET | Arista Networks | $377.70 | $235.35 | -37.69% | Buy |
| IONQ | IonQ | $27.89 | $16.00 | -42.63% | Buy |