- Citi analyst Jim Suva upgraded Arista Networks Inc ANET, 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%.
- Suva noted that the 17% 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.
- Price Action: ANET shares traded higher by 1.37% at $118.63 in the premarket session on the last check Monday.
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