Arista Networks price target raised to $230 from $226 at Barclays

Barclays raised the firm’s price target on Arista Networks to $230 from $226 and keeps an Overweight rating on the shares following the analyst day. The company announced more detailed 2024 guidance, in-line with consensus models, the analyst tells investors in a research note. The firm says that while some may be disappointed by the 20% long-term annual growth dropping to mid-teens, this is off a higher base and likely conservative. It remains positive on the shares.