Arista Networks price target raised to $425 from $400 at Evercore ISI

Evercore ISI raised the firm’s price target on Arista Networks to $425 from $400 and keeps an Outperform rating on the shares. Current revenue and EPS estimates for Arista in calendar year 2025 seem “relatively conservative,” says the analyst. Consensus is looking for 16% revenue growth in calendar 2025, but the firm sees a path to 20%-plus, with “upside to 25%,” adding that it views the annual investor day in November – where the company will likely provide an initial 2025 outlook – as “a key upcoming catalyst.”