Reported 1 day ago
Needham has raised its price target for Arista Networks Inc (NYSE:ANET) from $155 to $160, maintaining a Buy rating after the company's Analyst Day on September 11. Management highlighted new Cloud/AI capabilities targeting competitors like Nvidia and Cisco, along with strategic management hires aimed at enhancing market position. Additionally, Arista is set to become a key supplier for AI company Anthropic, which is expected to generate significant revenue in 2026.
Source: YAHOO