Arista Networks Price Target Boosted to $123 by Citi Ahead of Earnings

Arista Networks' (ANET) price target has been raised to $123 from $112 by Citi analyst Atif Malik, who retains a Buy rating. Malik anticipates the company's upcoming earnings announcement on August 5 and has initiated a "90-day positive catalyst watch" due to optimism about its future performance. The revised target is influenced by Arista's strong position in the expanding ethernet switching market.

Title: Citi Raises Price Target for Arista Networks Amid Positive Market Outlook

Arista Networks (ANET) has seen its price target elevated to $123 from $112 by Citi analyst Atif Malik, who maintains a Buy rating on the stock. This upward revision comes ahead of the company's earnings report scheduled for August 5, 2025. Malik has initiated a "90-day positive catalyst watch" on the stock, reflecting optimism about Arista's future performance [1].

The revised target is attributed to Arista's robust position in the growing ethernet switching market. Malik expects the company to outperform due to anticipated positive revisions to its second-half outlook and a projected 17% year-over-year topline growth. This growth is driven by resilient hyperscale data center capital expenditure spending and an expanding data center switch market [1].

In addition to the earnings report, investors are closely monitoring Arista's acquisition of VeloCloud, a cloud-managed SD-WAN provider, from Broadcom. This strategic move aims to bolster Arista's capabilities in the software-defined wide area network space and complement its existing wired and wireless switching portfolio [1]. The company has also unveiled new enterprise networking products, including Wi-Fi 7 access points and a new enterprise router, further expanding its offerings in the networking market [1].

Analysts from Goldman Sachs have reiterated their Buy rating on Arista Networks, highlighting these developments as positive for the company's market position. KeyBanc has initiated coverage with an overweight rating, noting Arista's leadership in cloud and data center networking and its potential for growth as the industry shifts towards AI. Evercore has raised its price target to $110, citing expected revenue guidance increases and potential growth in collaboration with companies like Meta [1].

In leadership news, Arista Networks appointed Todd Nightingale as the new President and COO, effective July 1, 2025. Nightingale brings extensive experience from his previous roles at Fastly and Cisco Systems, and is expected to contribute significantly to Arista's future growth strategies [1].

Investors should keep an eye on Arista's Q2 2025 financial results, expected to show a double-digit earnings growth, which has positively influenced investor sentiment. The company is projected to report earnings of $0.65 per share for the current quarter, representing a 25% year-over-year increase [4].

References:
1. [Investing.com - Citi raises Arista Networks stock price target to $123 on data center growth](https://www.investing.com/news/analyst-ratings/citi-raises-arista-networks-stock-price-target-to-123-on-data-center-growth-93CH-4131541)
2. [Investorshub.advfn.com - Citi ups Arista Networks target, opens 'positive catalyst watch'](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176423162)
3. [Business Wire - Arista Networks to Announce Q2 2025 Financial Results](https://www.businesswire.com/news/home/20250708682558/en/Arista-Networks-to-Announce-Q2-2025-Financial-Results-on-Tuesday-August-5-2025)
4. [AInvest - Arista Networks soars 2.80% on Q2 earnings expectations](https://www.ainvest.com/news/arista-networks-soars-2-80-q2-earnings-2507/)