Wells Fargo raised the firm’s price target on Arista Networks to $310 from $225 and keeps an Overweight rating on the shares. The firm expects Arista to report strong Q4 2023 results with top- / bottom-line upside as hyperscaler-driven AI infra spend accelerates. However, Wells is tactically cautious into the print as it sees sentiment a bit too euphoric in terms of 2024 guide upside.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ANET: