KeyBanc raised the firm’s price target on Arista Networks to $206 from $172 and keeps an Overweight rating on the shares heading into earnings. Key themes across the coverage area in Q2 include AI and continued supply chain dynamics, including backlog usage, bookings, and margins/pricing, the analyst tells investors in a research note. The firm expects Arista to report results relatively in line with guidance, with the potential for a beat driven by easing supply chain.
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