Arista Networks price target raised to $118 from $102.50 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the firm’s price target on Arista Networks (ANET) to $118 from $102.50 and keeps an Overweight rating on the shares. Networking saw “bifurcated performance in 2024,” with AI-enablers meaningfully outperforming, notes the analyst, who expects AI-share gainers and enterprise exposed names to outperform in 2025. The firm is “more cautious” on service provider names given a recovery is built in, the analyst tells investors in a 2025 outlook note for the Telecom and Networking Equipment group.