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Analysts Are Bullish on These Technology Stocks: Arista Networks (ANET), Toast Inc (TOST)

Tipranks - Tipranks - Sat Jun 13, 8:44AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Arista Networks (ANET) and Toast Inc (TOST) with bullish sentiments.

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Arista Networks (ANET)

In a report released today, Amit Daryanani from Evercore ISI maintained a Buy rating on Arista Networks, with a price target of $200.00. The company’s shares closed last Friday at $159.95.

According to TipRanks.com, Daryanani is a top 100 analyst with an average return of 35.1% and a 67.9% success rate. Daryanani covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, International Business Machines, and Hewlett Packard Enterprise. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arista Networks with a $188.94 average price target, a 20.8% upside from current levels. In a report issued on June 3, William Blair also maintained a Buy rating on the stock.

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Toast Inc (TOST)

In a report released today, Adam Frisch from Evercore ISI maintained a Buy rating on Toast Inc, with a price target of $35.00. The company’s shares closed last Friday at $24.83, close to its 52-week low of $21.32.

According to TipRanks.com, Frisch is a 1-star analyst with an average return of -6.3% and a 34.5% success rate. Frisch covers the Financial sector, focusing on stocks such as Gemini Space Station, Inc. Class A, Chime Financial, Inc. Class A, and Affirm Holdings. ;'>

Currently, the analyst consensus on Toast Inc is a Moderate Buy with an average price target of $34.15, a 38.3% upside from current levels. In a report released yesterday, Piper Sandler also initiated coverage with a Buy rating on the stock with a $32.00 price target.

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