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1 Stock-Split AI Stock Up 2,330% Since 2015 to Buy Now, According to Wall Street
Arista Networks (NYSE: ANET) stock has soared 2,330% since January 2015. But shares have declined 12% since the company announced a 4-for-1 stock split on Nov. 7.Investors have two reasons to think the price is headed higher in the coming months. First, since 1980, companies have seen their share prices increase by an average of 25% during the year after a stock split announcement, according to Bank of America.Second, Wall Street anticipates healthy returns for Arista shareholders during the next year. The average 12-month target price is $108 per share, which implies 13% upside from its current share price of $95.Continue reading
Arista Networks (NYSE: ANET) stock has soared 2,330% since January 2015. But shares have declined 12% since the company announced a 4-for-1 stock split on Nov. 7.
Investors have two reasons to think the price is headed higher in the coming months. First, since 1980, companies have seen their share prices increase by an average of 25% during the year after a stock split announcement, according to Bank of America.
Second, Wall Street anticipates healthy returns for Arista shareholders during the next year. The average 12-month target price is $108 per share, which implies 13% upside from its current share price of $95.
