Arista Networks Inc (ANET): A Bull Case Theory

Core Thesis - Arista Networks Inc is experiencing strong demand for AI-driven networking solutions, with a current share price of $130.68 and trailing and forward P/E ratios of 49.69 and 39.53 respectively [1][2] Technical Analysis - The stock is at a critical technical juncture, nearing a well-defined resistance zone, which may lead to a short-term pullback following a significant guidance raise last quarter [2][3] - A potential three-wave pullback is expected, with support anticipated around $126, allowing the stock to reset before continuing its upward trend [4] Future Projections - The next upward movement is projected to target approximately $193, supported by ongoing strength in AI-driven demand [4] - The completion of the multi-wave structure suggests a target range of $227 to $235, requiring two additional corrective phases before the next major leg higher [5] Historical Context - Previous bullish theses on Arista Networks highlighted strong AI-driven networking growth and solid financials, with the stock appreciating by 88% since April 2025 [6]