Arista Networks Inc a good buy at $64.37?
Its stock recently peaked at $133.57 in January. From there it has retraced to ~$64/share. The question is, does it has room to go lower? The stock has been on a bull run since July 2022 at $23/share, which serves at the support level. The market is in panic, and the stock has sold off 50% over the last month. It is a good company, but if the market sense great sense of uncertainty and no stability in sight, it could continue to sell off until it retraces to $20s. The market can stay irrational longer than we can, therefore it is reasonable to believe that it could reach $10s.
Comments
Post a Comment