TD Cowen Cuts Arista Networks (ANET) Price Target to $205
Key Points
- TD Cowen maintained a Buy rating on Arista Networks on October 19, 2026, while adjusting its price target down to $205.00 from $250.00.
- TD Cowen's $205 price target implies 12.05% upside from Arista Networks, Inc.'s ($ANET) current $182.95 share price.
- Arista Networks recently traded around $182.95, sitting below its 50-day moving average and about 24.9% under the broader analyst consensus target.
- The company's upcoming earnings report is scheduled for November 3, 2026, following strong trailing twelve-month revenues of $10.54 billion.
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On October 19, 2026, TD Cowen maintained its Buy rating on Arista Networks, Inc. (NYSE: ANET) while lowering its price target from $250.00 to $205.00. The update comes as Wall Street assesses the networking gear maker's valuation ahead of its next financial report. Analysts frequently adjust their targets to reflect changing market conditions and broader sector trends.
ANET
Arista Networks, Inc.
TD Cowen vs. the S&P 500
Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.
TD Cowen's Call on Arista Networks
In its research note on October 19, 2026, TD Cowen kept its Buy rating on Arista Networks while lowering its price target to $205.00 from $250.00. The firm's updated target is part of a broader review of technology stocks. Arista closed at $182.95 on the day of the rating update.
Other Institutional Activity in Arista Networks
Large financial institutions continue to adjust their holdings in the networking firm. Cresset Asset Management, LLC reduced its stake by 1,324,311 shares, ending the period with 19,368,054 shares valued at about $3.54 billion.
Arista Networks, Inc. Stock Up 3.4%
Shares of Arista Networks recently traded around $182.95 as of October 20, 2026, remaining equal to their close on the rating date. The stock sits about 7.7% below its 50-day moving average of $198.31 and roughly 12.3% above its 200-day moving average of $162.90. The share price rests 15.9% below its 52-week high of $217.41 and up 59.8% from its 52-week low of $114.52.
$ANET price target
Arista Networks, Inc. daily closes and this analyst's $205 target. Not advice.
Recent Earnings
Arista Networks reported trailing twelve-month revenue of $10.54 billion alongside earnings of $3.17 per share. The company generated a net profit margin of 38.4% and a return on equity of 31.5%. The next earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin down 1.8 points. Positive free cash flow.
Earnings Call Summary
The company reported strong momentum across all business segments in the first quarter, with revenue of 2.71 billion dollars, up 35 percent year over year and beating expectations of 2.67 billion dollars. Management highlighted three major AI fabric use cases: scale out with 100 plus customers at 800 gigabit Ethernet, scale up coming in 2027 at 1.6 terabit speeds, and scale across with customers like hyperscaler cloud titans. However, supply chain constraints are severe and expected to persist into next year, forcing the company to accept margin pressure to secure chips and memory for customers.
Guidance Arista raised full year revenue guidance to 11.5 billion dollars, up 27.7 percent from last year. They expect about 2.8 billion in sales for next quarter. AI fabrics revenue target was increased from 3.25 billion to 3.5 billion, and campus revenue is expected to reach 1.25 billion.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Arista Networks, Inc.
Company insiders have completed several transactions in recent weeks. Director Mark B Templeton disposed of 5,000 shares on October 1, 2026, with a total value of $1,021,829. Chief Financial Officer Chantelle Yvette Breithaupt sold 1,224 shares on October 6, 2026, at $215.00 per share for a total value of $263,160. Chief Executive Officer Jayshree Ullal sold 460,374 shares valued at $97,642,614 on October 6, 2026, and later sold another 158,543 shares worth $34,417,690 on October 9, 2026.
Analysts Set New Price Targets
Wall Street firms have regularly updated their views on the stock. Barclays maintained an Overweight rating on August 6, 2026, raising its target from $195.00 to $289.00. Deutsche Bank initiated coverage with a Buy rating and a $220.00 target on September 1, 2026. Bernstein initiated coverage with an Outperform rating and a $250.00 target on September 30, 2026. Citigroup maintained a Buy rating on October 8, 2026, lifting its target from $215.00 to $248.00. Across 29 analyst opinions, the stock holds a consensus recommendation of strong buy with a mean price target of $243.59.
About Arista Networks
Arista Networks, Inc. builds cloud networking solutions for data centers, AI workloads, and routing environments. The company relies on its Extensible Operating System to manage large-scale data traffic for enterprise and cloud provider customers. As artificial intelligence infrastructure spending evolves, market watchers closely monitor Arista's competitive position in high-speed networking.
Bottom Line
Investors will look toward Arista Networks' upcoming earnings release on November 3, 2026, for fresh details on cloud and AI demand. The stock continues to trade below its consensus price target while drawing active participation from both institutional holders and corporate insiders.
Related Filing Alerts
Source: TD Cowen's rating change on $ANET (Oct 19, 2026). Written by software, not financial advice. How we make alerts