NEW YORK (TheStreet) -- Arista Networks
(ANET) price target was increased to $85 from $74 at Bank of America/Merrill Lynch
(BAC - Get Report) today with a reiterated 'buy' rating.
The firm cited strong out performance with revenues, earnings, and operating margins all above expectations.
Bank of America believes Arista is well positioned to benefit from the increasing number of cloud deployments and demand for streaming services.
Shares of ANET are up 0.99% to $72.93.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts