ANET Crosses Above Average Analyst Target
August 12, 2016 at 07:55 AM EDT
In recent trading, shares of Arista Networks Inc (ANET) have crossed above the average analyst 12-month target price of $74.52, changing hands for $75.46/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..