Arista Networks initiated with an Overweight at KeyBanc

As previously reported, KeyBanc analyst Brandon Nispel initiated coverage of Arista Networks (ANET) with an Overweight rating and $115 price target The firm sees Cloud Titan revenue, specifically from M&M, rebounding in 2025, and sees continued Enterprise/Provider growth. KeyBanc believes these factors should lead to “upside to guidance,” adding that Arista “warrants a premium valuation, where the pullback should be a buying opportunity.”