Latest news with #AmitDaryanani
Yahoo
5 days ago
- Business
- Yahoo
3 Upcoming Catalysts That Could Propel Arista Networks (ANET) Higher
Arista Networks Inc (NYSE:ANET) is one of the . On June 25, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $110.00 price target. The firm considers Meta's two-layer scheduled fabric architecture for back-end networks to be a significant opportunity for Arista. It is expected that both Meta and Oracle will increase deployment of the Arista-centric two-layer approach in the second half of this year, utilizing Broadcom's Jericho and Ramon chipsets instead of Tomahawk. A software engineer debugging a complex communications infrastructure. According to the firm, Arista accounts for an estimated 30% of spend in the three-layer architecture versus 100% in the two-layer approach. It is further expected that Arista will secure about 30% of back-end cloud networking spend, driving 'outsized growth in CY25 and beyond.' CY25 guidance updates, OCP announcements from Meta, and Meta revenue percentage disclosure anticipated during fourth-quarter earnings are three catalysts identified by the firm for Arista. Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions. While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and . Disclosure: None.
Yahoo
25-06-2025
- Business
- Yahoo
Evercore Reaffirms ‘Outperform' on IBM With Strong EPS Forecast
International Business Machines Corporation (NYSE:) is one of the 10 AI Stocks in the Spotlight. On June 20, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $315 price target. The firm expects IBM to maintain mid-to-high single-digit revenue growth as well as double-digit growth in earnings per share and free cash flow in the coming years. This growth would enable the company to potentially generate $16 to $18 in annual EPS within the next three years. A portfolio manager, confident in her analysis, inspecting several stocks on her laptop screen. The firm has also noted improvements in market sentiment, along with a recent expansion of the market's multiple, as key reasons for its increased target. International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
24-06-2025
- Business
- Yahoo
Is Arista Poised for Its Next Big Break?
Evercore (NYSE:EVR) expects Arista Networks (NYSE:ANET) to keep growing revenues at low-20% rates through 2029, thanks largely to deals with Meta (NASDAQ:META) and major cloud providers. Shares of Arista Networks jumped about 6% Monday after Evercore ISI raised its price target to $110 and reiterated an Outperform rating, forecasting that Arista can sustain low 20s top- and bottom-line growth through calendar 2029. Warning! GuruFocus has detected 2 Warning Sign with ANET. The firm's lead analyst Amit Daryanani sees cloud-titan deployments and campus networking as primary growth engines, with a more conservative roughly 11% compound annual growth rate for tier-2 segments where Nvidia's (NASDAQ:NVDA) bundled switches may hold sway. Arista will likely lift its full-year 2025 revenue guidance when it reports second-quarter results at the end of July, and Meta is expected to showcase a new networking framework built on Arista gear at the Open Compute Project Global Summit in October. As hyperscalers and cloud providers push toward unified fabric architectures, Arista stands to benefit from greater share gains in both public cloud and enterprise campus environments. Evercore forecasts Arista's campus businesswhere Cisco (NASDAQ:CSCO) remains the incumbent but has ceded shareto grow over 30%, driving incremental revenue gains of nearly $1.9 billion as Arista's market share climbs from under 2% in 2024 to about 7% by 2029. With investor attention heavily skewed toward AI cloud opportunities, Arista's booming campus segment represents an under-the-radar growth catalyst. This article first appeared on GuruFocus.
Yahoo
23-06-2025
- Business
- Yahoo
Evercore Reaffirms ‘Outperform' on IBM With Strong EPS Forecast
International Business Machines Corporation (NYSE:) is one of the 10 AI Stocks in the Spotlight. On June 20, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $315 price target. The firm expects IBM to maintain mid-to-high single-digit revenue growth as well as double-digit growth in earnings per share and free cash flow in the coming years. This growth would enable the company to potentially generate $16 to $18 in annual EPS within the next three years. A portfolio manager, confident in her analysis, inspecting several stocks on her laptop screen. The firm has also noted improvements in market sentiment, along with a recent expansion of the market's multiple, as key reasons for its increased target. International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Here's Why Top Analysts Are Becoming More Bullish on IBM Stock
Tech giant IBM (IBM) recently received two price target hikes as analysts grow more optimistic about the company's transformation and growth outlook. Indeed, Bank of America, led by five-star analyst Wamsi Mohan, raised its price target from $290 to $320, while maintaining a Buy rating. The firm noted that critics still view IBM as a 'value trap' based on its pre-2020 performance. However, it pointed out that the company has significantly evolved over the past five years. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In fact, the firm is focusing its software segment on higher-growth opportunities through strategic acquisitions and moving away from slower and higher-cost legacy businesses. According to the analyst, this shift now positions IBM to accelerate its revenue growth, which should cause the stock price to continue climbing. At the same time, Evercore ISI raised its price target on IBM from $275 to $315 and kept an Outperform rating. The firm, led by five-star analyst Amit Daryanani, expects IBM to maintain mid-to-high single-digit revenue growth and achieve double-digit growth in earnings per share and free cash flow in the coming years. This would allow IBM to potentially generate $16 to $18 in annual EPS within the next three years. Evercore also pointed to recent improvements in market sentiment and a recent expansion of the market's multiple as key reasons for its increased target. What Is the Target Price for IBM? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $267.54 per share implies 5.5% downside risk. See more IBM analyst ratings
