Arista Networks price target raised to $146 from $140 at Credit Suisse

Credit Suisse analyst Sami Badri raised the firm’s price target on Arista Networks to $146 from $140 and keeps a Neutral rating on the shares. The firm notes Arista reported results well ahead of expectations, far exceeding recent reports serving as read-throughs into the company’s activity. Management indicated they continue to see supply constraints, although they discussed a potential easing in 2023 which could translate into better revenue than its reiterated 2023 revenue guidance of 25% year-over-year growth, Credit Suisse adds.