How Will Arista Networks (ANET) Stock React To This Price Target Increase?

NEW YORK (TheStreet) -- Arista Networks  (ANET) price target was increased to $85 from $74 at Bank of America/Merrill Lynch  (BAC) 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. 

ANET Chart
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