Citi raised the firm’s price target on Arista Networks (ANET) to $121 from $115 and keeps a Buy rating on the shares. The company reported a “beat and raise” quarter, the analyst tells investors in a research note. The firm says Arista reiterated $750M in back end artificial intelligence sales in 2025 despite dropping one hyperscale customer off its list and slower ethernet adoption at another, offset by smaller AI customers. A “full year guide lift this early in the year is a a good sign for the things to come,” contends the firm.
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