Atif Malik, an analyst from Citi, maintained the Buy rating on Arista Networks. The associated price target remains the same with $176.00.
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Atif Malik has given his Buy rating due to a combination of factors that highlight Arista Networks’ strong position in the AI and cloud infrastructure markets. Despite a recent dip in stock value following the September quarter results, Malik emphasizes the company’s robust growth potential, particularly in AI sales, which are expected to accelerate significantly into 2026. This growth is supported by Arista’s strong demand, which currently exceeds its ability to ship products due to long lead times.
Malik also points out that Arista’s initial guidance for fiscal year 2025, although slightly below expectations, still indicates a healthy year-over-year growth. The company’s expertise and established presence in cloud and large-scale deployments are appreciated by neo cloud customers, further solidifying its market position. Additionally, Malik maintains a target price of $176 based on a consistent valuation multiple, reflecting confidence in Arista’s future performance and justifying the Buy rating.