Piper Sandler raised the firm’s price target on Arista Networks (ANET) to $143 from $89 and keeps a Neutral rating on the shares. The firm notes shares are up +10% after-hours following Q2 results that hit across all metrics, including product billings that accelerated to more than 50% growth at a very large scale. Strength is being seen across AI, cloud refresh to 400/800G, and enterprise.
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