Cramer Says Arista's 'Doing So Well' — But Snubs Sprouts For Costco
1. Jim Cramer praised Arista Networks on CNBC's Mad Money. 2. Needham raised ANET's price target from $155 to $160. 3. Arista shares rose 0.6% to $143.37 following analyst support.
FAQ
Why Bullish?
Cramer's endorsement and the raised price target signal strong market confidence. Historically, positive analyst ratings have correlated with stock price increases.
How important is it?
Cramer's high-profile endorsement and analyst support may attract investor attention, impacting ANET's stock price positively.
Why Short Term?
Analyst upgrades typically lead to immediate investor confidence, reflected in quick price movements.