Evercore ISI Lowers Arista Networks Price Target to $100

Arista Networks' stock has experienced a significant decline, prompting several analysts, including Evercore ISI and Citi, to lower their price targets while maintaining generally positive ratings. Despite the drop and market concerns over lost share to major clients and broader economic pressures, Arista remains viewed as fundamentally strong, with solid profitability, cash flow, and revenue growth. Evercore ISI continues to rate Arista as 'Outperform,' expressing confidence that the company can meet or exceed its revenue guidance and achieve its AI-related revenue targets. Citi also maintains a Buy rating, but notes sector headwinds related to weakened demand and cautious IT spending. The consensus among analysts is moderately optimistic, with most maintaining a 'Moderate Buy' or 'Outperform' rating and average price targets suggesting substantial potential upside from current levels. Overall, Arista is seen as a strong performer in a challenging market, especially with its focus on AI server-related growth.