Arista Networks price target raised to $151 from $146 at Credit Suisse

Credit Suisse analyst Sami Badri raised the firm’s price target on Arista Networks to $151 from $146 and keeps a Neutral rating on the shares. The firm notes the company reported results ahead of expectations and moved full year 2023 revenue growth guidance slightly higher to 26% year-over-year from 25% year-over-year growth in Q4 2022. Stock’s negative reaction to the beat-raise was likely a function of visibility with cloud customers narrowing and high expectations on AI workloads into the results report, Credit Suisse says.