Reported 2 days ago
Barclays has increased the price target for Arista Networks (ANET) from $119 to $151 after the company reported stronger-than-expected second-quarter earnings and optimistic guidance for 2025. The firm maintains an Overweight rating, highlighting broad-based growth driven by AI, cloud, and enterprise sectors. Barclays anticipates that Arista will generate over $1.5 billion in AI networking revenues this year and expects the company to surpass $10 billion in revenues by 2026.
Source: YAHOO