Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential

2. Arista Network Inc. (NASDAQ:ANET)

Market Cap as of April 24: $88.85 Billion

Point72 Asset Management’s Equity Stake: $333.92 Million

Analysts’ Upside Potential as of April 24: 50.40%

Number of Hedge Fund holders: 78

Arista Network Inc. (NASDAQ:ANET) is a computer hardware company that develops markets and sells data-driven, client-to-cloud networking solutions for AI, data centers, campus, and routing environments. It has emerged as a market leader in the provision of connectivity solutions, such as ethernet switches for artificial intelligence.

Consequently, Arista Network Inc. (NASDAQ:ANET) is one of the companies susceptible to Donald Trump’s tariffs, a disadvantage that has taken a significant toll on the stock’s sentiments. The stock is down by about 33% for the year, an underperformance that has seen Evercore ISI cut its price target of the stock to $100 from $130 while reiterating an Outperform rating. The sell rating comes amid growing concerns that Arista Network will feel the full brunt of trade tariffs expected to impact its gross margins.

Amid the growing concerns, Arista Network Inc. (NASDAQ:ANET) boasts of a healthy revenue growth rate of 19.5%. Evercore ISI also expects the company to meet its $750 million back-end AI revenue target and achieve growth targets of as much as 20% in 2025. As US-based hyperscalers double down on artificial intelligence spending, Arista Networks should be one of the biggest beneficiaries.