Arista Networks price target raised to $325 from $215 at JMP Securities

JMP Securities analyst Erik Suppiger raised the firm’s price target on Arista Networks to $325 from $215 and keeps an Outperform rating on the shares. The firm believes that the AI networking market will become a catalyst later this year, telling investors in a research note that channel checks suggest the macroeconomic environment remains challenging, but demand was at least as healthy as last quarter except in sectors that have inventory imbalances resulting from supply chain issues.