Morgan Stanley analyst Meta Marshall raised the firm’s price target on Arista Networks to $150 from $140, citing the increased multiple investors are willing to pay for AI exposure, and keeps an Equal Weight rating on the shares. The firm’s caution around networking has focused on large backlogs masking underlying demand trends and its industry checks pointed to weakness concentrated largely in Enterprise due to down macro, though impacting all verticals, the analyst tells investors in a sector preview note ahead of calendar Q1 earnings season.
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