Arista Networks Inc. (ANET) Targeting $2.75 Billion AI Revenue on Robust Growth

Arista Networks Inc. (NYSE:ANET) is one of the AI stocks analysts are betting on. On November 18, at Wells Fargo’s 9th Annual TMT Summit, the company reiterated its strong market position and growth prospects, driven by artificial intelligence and campus networking initiatives.

The company is targeting 20% growth over the next fiscal year. Most of the growth will be driven by the company’s artificial intelligence innovations and solutions, which are expected to generate significant AI revenue. In the third quarter, the company’s deferred revenue rose 87%, primarily driven by AI data center projects it is working on.

Consequently, Arista Networks is targeting $2.75 billion in AI-related revenue next year as it continues to expand its customer base in the AI market. The company is targeting 25 to 40 new clients as part of its AI push, comprising enterprises and sovereign states.

Earlier on November 10, Citi reiterated a Buy rating on Arista Networks with a $176 price target, recommending investors take advantage of the recent selloff. The firm projects fiscal 2026 sales growth of 28%, underscoring confidence in Arista’s long-term growth trajectory despite near-term market volatility.

Arista Networks Inc. (NYSE:ANET) provides AI networking hardware (high-speed switches and data center platforms) and AI-driven software. Its offerings include hardware designed for the high-bandwidth demands of AI workloads and software tools like Arista AVA™ that use AI to improve network visibility, threat detection, and operation.

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. This article is originally published at Insider Monkey.