ANET Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis and price prediction for ANET for the next trading week:
Technical Analysis
- RSI (14) at 73.30 indicates overbought conditions, suggesting potential short-term pullback
- MACD at 4.85 shows positive momentum but may be reaching exhaustion
- SMA20 at 117.35 and SMA200 at 90.90 confirms strong uptrend
News Sentiment & Catalysts
- Positive momentum from $500 billion Stargate AI infrastructure project announcement with Oracle and SoftBank
- Strong partnerships with major tech companies like Microsoft and Meta for AI infrastructure development
- Q4 earnings release scheduled for February 10, with analysts expecting EPS of $0.51
- Currently trading at premium valuation with P/E ratio of 52.2x
Price Target Analysis Based on technical indicators and Fibonacci levels:
- Support levels: $111.73 (S1), $105.95 (S2)
- Resistance levels: $130.43 (R1), $136.21 (R2)
- Pivot point: $121.08
Next Week Prediction Given the overbought conditions and recent strong rally:
- Expected trading range: $115-125
- Most probable scenario: Initial pullback to $115-117 area early in the week, followed by consolidation and potential bounce towards $122-125
- Key support at 20-day SMA ($117.35) should hold unless broader market weakness
Trading Recommendation SELL with target entry at current levels ($121.08):
- Take profit: $115
- Stop loss: $125
- Risk/reward ratio: 1.2:1
The stock appears overextended after recent AI-driven rally and showing technical exhaustion signals. While long-term outlook remains positive due to AI tailwinds, short-term correction is likely.
ANET Similar Chart Price Prediction
The price of ANET is predicted to go up 12.94%, based on the high correlation periods with IOSP. The similarity of these two price pattern on the periods is 96.2%.
ANET
IOSP
Up: 12.94%Similarity: 96.2%
ANET Revenue Forecast
ANET EPS Forecast
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ANET VS S&P500
Arista Networks has gained a top market share position in high-speed switching, resulting, in our view, from technology leadership, and it continues to gain share.
Arista holds best-in-class profit margins and earns robust economic profits, reflecting its strong value proposition and wide economic moat.
Arista earns heady free cash flow, which it can use for organic investment and shareholder returns.
ANET Analyst's Forecast
Amit Daryanani
Evercore ISI Group
Buy
Price Target
$110 → $130
Upside
+8.23%
Evercore ISI raised the firm's price target on Arista Networks to $130 from $110 and keeps an Outperform rating on the shares. The firm remains constructive on companies tied to broader enterprise IT and AI-related infrastructure spending and thinks the setup for calendar Q4 "remains favorable", with expectations for in line or modest beats, the analyst tells investors. However, the firm suspects companies may take "a more prudent and cautious stance" for calendar 2025 guidance given ongoing uncertainty especially on the public spending side, the analyst added.
Meta Marshall
Morgan Stanley
Buy
Price Target
$103 → $118
Upside
+4.84%
Tim Long
Barclays
Buy
Price Target
$341 → $495
Upside
+23.89%