JMP Securities analyst Erik Suppiger raised the firm’s price target on Arista Networks to $200 from $165 and keeps an Outperform rating on the shares. The firm is cautious entering the Q2 earnings season for IT infrastructure, and believes even priority investments are coming under increasing scrutiny before purchase orders are issued, the analyst tells investors in a research note. Arista is strategically positioned to lead its industry, the firm argues.
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