Reported about 19 hours ago
Barclays has raised its price target for Arista Networks (ANET) to $151 from $119 after the company exceeded expectations in its second-quarter earnings and provided optimistic guidance for the upcoming quarters. With a projected 25% year-over-year growth and a forecast of over $1.5 billion in AI networking revenues, Barclays remains confident in Arista's broad-based strengths across various segments and anticipates the company will achieve more than $10 billion in revenue by 2026.
Source: YAHOO