Morgan Stanley (NYSE:MS) analyst Meta Marshall maintained a Buy rating on Arista Networks (NYSE:ANET) on Tuesday, setting a price target of $420, which is approximately 14.88% above the present share price of $365.59.
Marshall expects Arista Networks to post earnings per share (EPS) of $2.36 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Arista Networks, with an average price target of $371.17.
The analysts price targets range from a high of $420 to a low of $330.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $667.56 million and a net profit of $206.29 million. The company's market cap is $27.9 billion.
According to TipRanks.com, Morgan Stanley analyst Meta Marshall is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 18.3% and a 71.11% success rate.
Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.