Wells Fargo analyst Aaron Rakers raised the firm’s price target on Arista Networks (ANET) to $125 from $115 and keeps an Overweight rating on the shares. The firm says Arista’s confidence to uptick 2025 revenue guide to up 17% year-over-year vs prior guide cadence is notable. Reiterated AI target, deferred revenue +85% year-over-year with product deferred plus $150M quarter-over-quarter, and Microsoft (MSFT) plus Meta (META) 2024 contributions are in focus, Wells adds.
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