Ignore the Sell-Off in Arista Networks Stock. Analysts Still Think ANET Can Gain 36% from Here.

Arista Networks (ANET) was thrown into the spotlight after releasing its fiscal 2026 first-quarter earnings on May 5, and despite delivering another impressive beat on both revenue and profit, investors still headed for the exits. The networking powerhouse posted results that easily topped Wall Street expectations, yet the market response was brutal. Shares of the hardware and software specialist tumbled more than 13.6% on May 6 as traders focused less on the headline strength and more on what could lie ahead.

The sell-off appeared to stem from a combination of factors. Margin pressures, a guidance raise that failed to clear the market’s sky-high expectations, and management’s cautious commentary surrounding the supply chain outlook appeared to rattle confidence. Still, the sharp pullback has hardly crushed Wall Street’s confidence in Arista’s long-term story. Many analysts remain bullish on the stock and continue to stand by a Street-high price target of $200, signaling sizable double-digit upside potential from current levels.