20 Best Data Center Stocks to Buy According to Billionaires

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6. Arista Networks Inc (NYSE:ANET)

Number of Billionaire Investors: 17

Billionaire Holdings: $1.6 billion

Number of Hedge Fund Holders: 78

Arista Networks Inc. (NYSE:ANET) specializes in data-driven, client-to-cloud networking solutions for large-scale AI, data center, campus, and routing environments. The company’s core offerings include its Extensible Operating System (EOS), ultra-low latency Ethernet switches, routers, and software-defined networking solutions, which are widely utilized by hyperscale cloud providers, financial institutions, and telecommunications companies.

On March 5, UBS analyst David Vogt upgraded Arista Networks Inc. (NYSE:ANET) from Neutral to Buy, raising the price target to $115 from $112. The upgrade was driven by expectations of strong data center capital expenditures, projected to grow at 25% annually through 2027. The analyst also highlighted the acceleration in key Arista metrics, such as purchase commitments, deferred revenue, and finished goods inventory, which he believes reinforced revenue recognition and suggested that the company’s 2025 revenue growth forecast of 17% may be overly conservative. The analyst also viewed the current share price as offering an attractive risk/reward opportunity.

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