Piper Sandler analyst James Fish raised the firm’s price target on Arista Networks to $190 from $166 and keeps an Overweight rating on the shares following last night’s results. The company reported elevated upside compared to prior quarters as Arista continues to show material enterprise share gains and execution with hyperscalers, the analyst tells investors in a research note. Piper says Arista remains its preferred networking name and its coverage universe’s best artificial intelligence play today as infrastructure gets deployed ahead of general use.
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