Evercore ISI analyst Amit Daryanani is adding Arista Networks to the firm’s “Tactical Outperform” list as the analyst expects Arista to report “modest upside” to Street expectations for the June quarter. Arista management will “likely remain prudently conservative” around the second half of 2023 and calendar 2024 commentary at this point, but the firm thinks the company has multiple ways to drive double digit growth in 2024 and beyond, added the analyst, who maintains an Outperform rating and $180 price target on the shares.
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