Arista Networks

Arista Networks is an American computer networking company. ANET stock has zoomed 40% so far in 2023, thanks to better-than-expected Q4FY22 results and solid revenue forecasts posted on February 13.

McCaul bought ANET stock on February 10, just before its earnings, in the size range of $50-$100K. Since that day, ANET stock has gained over 24%. On TipRanks, ANET stock has an Outperform Smart Score of Nine.

Retail investors are highly optimistic about ANET stock since they increased their holdings by 6.8% in the last 30 days. Plus, Wall Street analysts have a Strong Buy consensus rating on Arista Networks based on 12 Buys and four Hold ratings. The average arista Networks price target of $170.67 implies that shares are almost fully valued at current levels.