Arista Networks price target raised to $235 from $215 at Needham

Needham raised the firm’s price target on Arista Networks to $235 from $215 and keeps a Buy rating on the shares. The analyst is citing the company’s Analyst Day commentary, stating that the firm is a “buyer on weakness” as Arista offered 10%-12% growth in 2023 and 15% through 2027. Needham further contends that investors should look at the content of the Arista technology, the positioning for AI, the Network as a Service and the ability to drive into Enterprise and Campus.