Analysts Offer Insights on Technology Companies: Arista Networks (ANET) and Gartner (IT)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Arista Networks (ANET – Research Report) and Gartner (IT – Research Report) with bullish sentiments.
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Arista Networks (ANET)
In a report released yesterday, Mike Ng from Goldman Sachs maintained a Buy rating on Arista Networks, with a price target of $115.00. The company's shares closed last Wednesday at $86.45.
According to TipRanks.com, Ng is a 4-star analyst with an average return of 8.7% and a 49.8% success rate. Ng covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Super Micro Computer, and Dell Technologies.
Currently, the analyst consensus on Arista Networks is a Strong Buy with an average price target of $111.17, implying a 29.4% upside from current levels. In a report issued on May 1, Morgan Stanley also maintained a Buy rating on the stock with a $100.00 price target.
Gartner (IT)
In a report released yesterday, George Tong from Goldman Sachs maintained a Buy rating on Gartner, with a price target of $535.00. The company's shares closed last Wednesday at $437.85, close to its 52-week low of $409.50.
According to TipRanks.com, Tong is ranked #734 out of 9504 analysts.
Currently, the analyst consensus on Gartner is a Moderate Buy with an average price target of $474.43, a 9.5% upside from current levels. In a report issued on May 6, William Blair also maintained a Buy rating on the stock.
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