Evercore ISI is removing Arista from the firm’s “Tactical Outperform” list following the stock advancing 20% over the past month. Hyperscale capex estimates have come in ahead of expectations, which contributed to the run up, alongside sentiment that Arista will likely beat and raise, according to the analyst, who thinks the risk/reward looks balanced heading into Arista’s earnings report next week. The firm has an Outperform rating on Arista shares with a $120 price target
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