Piper Sandler and Morgan Stanley Stay Positive on Arista Networks (ANET)

Arista Networks, Inc. (NYSE:ANET) is one of the 10 Best NYSE Stocks to Buy According to Analysts. On January 5, Piper Sandler upgraded its rating on Arista Networks, Inc. (NYSE:ANET) from Neutral to Overweight and lifted its price target from $145 to $159. The firm expects 2026 to be a “year of refresh” with increasing mentions of enterprise spending, supported by the company’s exposure to hyperscalers and AI giants.

Piper Sandler pointed out that visibility into Arista Networks, Inc.’s (NYSE:ANET) business is improving from different angles. This includes coverage from inventory and purchase commitments. According to the research firm, the company is “holding its ground with its key customers, gaining with large enterprise accounts across datacenter and campus, and typically sees capex on a delayed basis relative to others in the datacenter.”

Previously, on December 17, Morgan Stanley reduced its price target on Arista Networks, Inc. (NYSE:ANET) from $171 to $159 while keeping an Overweight rating. The firm noted that AI trade expanded from semiconductor stocks in 2025 and benefited infrastructure companies, especially in the optical segment.

Morgan Stanley believes this trend could continue through the first half of 2026. However, the firm cautioned that investors may “need to get more selective for full year returns given multiples.”

Arista Networks, Inc. (NYSE:ANET) is a cloud networking company that provides data-driven solutions for large data centers, AI, campus, and routing environments.

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.