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ANET

Arista Networks

NYSE: ANET · TECHNOLOGY · COMPUTER HARDWARE

$168.68
+2.05% today

Updated 2026-04-29

Market cap
$222.76B
P/E ratio
64.57
P/S ratio
24.74x
EPS (TTM)
$2.74
Dividend yield
—
52W range
$78 – $180
Volume
7.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Arista Networks (ANET) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$168.68
Consensus
$172.82
+2.45%
2030 Target
$129.80
-23.05%
DCF
$450.90
+70.53% MoS
17 analysts:
8 Buy1 Hold0 Sell

Management guidance

Management raised full-year 2026 guidance following strong Q4 2025 results. Truist Securities (initiated coverage Mar 31, 2026) projects Arista will grow from $9.01B (2025) to $11.60B (2026) and $14.08B (2027), representing 28.8% and 21.4% growth respectively. CEO guidance emphasizes AI networking as primary driver, with cloud hyperscalers and AI infrastructure demand accelerating through 2026-2027.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$148.34
$23.3B Rev × 8x P/S
Base case (2030)
$129.80
$23.3B Rev × 7x P/S
Bear case (2030)
$92.72
$23.3B Rev × 5x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$5.9B$7.0B$9.0B$11.6B$14.1B$17.4B$21.2B$23.3B
Revenue growth—19.5%28.6%28.8%21.4%23.5%21.8%17.0%
EPS$1.74$2.28$2.80$3.58$4.32$5.65$7.05$7.15
P/S ratio———12.0x12.0x12.0x12.0x7.0x
Implied price———$114.01$139.35$164.68$202.69$129.80

Catalysts & risks

Growth catalysts
+ AI data center networking demand from hyperscalers (Meta, Microsoft, Google, Amazon)
+ XPO high-density liquid-cooled optics MSA standardization across industry
+ Campus market and enterprise/specialty AI data center expansion ($1.5B to $3.25B revenue opportunity in 2026 alone per Truist)
+ Continued market share gains in cloud networking against Cisco/Broadcom
+ 800G and 1.6T optical transceiver orders driving margin expansion
Key risks
- Customer concentration (Microsoft represents ~26% of revenue per recent reports)
- Meta-NVIDIA deal may reduce Arista's optical transceiver orders if NVIDIA vertically integrates networking
- Trade control/export restrictions on China-related shipments
- Insider selling pressure (Director Giancarlo, insider Kenneth Duda sold 40,000+ shares Q4 2025)
- Valuation compression if AI infrastructure spending growth decelerates below 20% annually
- Competition intensification from Broadcom, Cisco, and emerging competitors in high-speed optical

Methodology

Arista Networks's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.