Needham Raises Arista (ANET) Price Target to $160 After Analyst Day

Arista Networks Inc (NYSE:ANET) is one of the AI Stocks Analysts Are Tracking Closely. On September 16, Needham raised its price target on the stock to $160.00 from $155.00 while maintaining a Buy rating. The rating affirmation follows Arista’s Analyst Day presentation held on September 11.

According to the firm, management used the opportunity to highlight new Cloud/AI capabilities targeting both White Box and Nvidia, as well as fresh investments in Enterprise Campus aimed directly at challenging Cisco.

Needham expressed optimism regarding Arista’s recent senior management hires, deeming them as having the potential to carry the rate of change needed to expand its market position.

Based on the firm’s proprietary research, it has been confirmed that Arista is now a major new supplier to AI company Anthropic in 2025. The deal is anticipated to contribute substantial revenue in 2026.

Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions.

While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.