Barclays raised the firm’s price target on Arista Networks to $226 from $200 and keeps an Overweight rating on the shares. The company had another strong beat in Q3 and raised the full year guide, the analyst tells investors in a research note. The firm expects low double-digit growth in 2024 with acceleration in 2025 as artificial intelligence becomes more meaningful.
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Read More on ANET:
- Early notable gainers among liquid option names on October 31st
- Arista Networks upgraded to Overweight from Equal Weight at Morgan Stanley
- Arista Networks (ANET) Surges on Q3 Earnings, Revenue Beats
- Arista Networks sees Q4 revenue $1.50B-$1.55B, consensus $1.47B
- Arista Networks reports Q3 EPS $1.83, consensus $1.58