Arista Price Target Hiked On Expected Gains In Enterprise Customers

Arista Networks (ANET) will grab more customers in financial services and other enterprise markets, an analyst said Thursday as he raised his price target on the maker of computer networking gear.

X Alex Kurtz of Keybanc Capital Markets hiked his price target to 240 from 213. Arista shares edged up 0.8% to 227 on the stock market today.

Kurtz expects Arista, ranked No. 2 in the IBD 50 roster of growth stocks, to make gains in financial services and other enterprise markets.

"We are raising...

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