Morgan Stanley analyst Meta Marshall upgraded Arista Networks to Overweight from Equal Weight with a price target of $220, up from $185. The analyst views Arista as the best way to play artificial intelligence networking’s eventual move to ethernet. The company’s Q3 results point to continued strength in cloud, despite investor caution, the analyst tells investors in a research note. The firm says getting past the CFO transition and conclusion of AI trials are catalysts for the shares.
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