Analysts’ Top Technology Picks: ANET, YHOO

By Carrie Williams

Analysts fell to the sidelines weighing in on Arista Networks (NYSE: ANET) and Yahoo! (NASDAQ: YHOO) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Arista Networks (NYSE: ANET)

In a report issued on June 6, George Notter from Jefferies reiterated a Hold rating on Arista Networks (NYSE: ANET), with a price target of $120. The company’s shares closed yesterday at $156.05, close to its 52-week high of $157.27.

According to TipRanks.com, Notter is a 4-star analyst with an average return of 9.3% and a 63.6% success rate. Notter covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Interxion Holding NV.

Currently, the analyst consensus on Arista Networks is Moderate Buy and the average price target is $144.07, representing a -7.7% downside.

In a report issued on May 22, D.A. Davidson also downgraded the stock to Hold with a $153 price target.
Yahoo! (NASDAQ: YHOO)

Jefferies analyst Atul Goyal reiterated a Hold rating on Yahoo! (NASDAQ: YHOO) on June 6 and set a price target of $48. The company’s shares closed yesterday at $50.55, close to its 52-week high of $51.23.

According to TipRanks.com, Goyal is a 4-star analyst with an average return of 14.6% and a 81.4% success rate. Goyal covers the Technology sector, focusing on stocks such as Konami Holdings Corp, Infosys Limited, and Panasonic Corp.

Yahoo! has an analyst consensus of Moderate Buy, with a price target consensus of $51.

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