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Arista Networks Gets A Double Downgrade: Buy This AI Stock Instead, Says Analyst

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Arista Networks Inc (NYSE: ANET) shares tanked in premarket trading on Friday, amid concerns around AI stocks trading at a premium.

Although ethernet could prevail in the AI era, the company is unlikely to be a big winner of this trend, according to Rosenblatt Securities.

The Arista Networks Analyst: Mike Genovese downgraded the rating for Arista Networks from Buy to Sell while slashing the price target from $330 to $210.

The Arista Networks Thesis: The stock is trading at a significant premium, as investors see the …

Full story available on Benzinga.com

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