Arista Networks price target raised to $390 from $340 at Wells Fargo

Wells Fargo analyst Aaron Rakers raised the firm’s price target on Arista Networks to $390 from $340 and keeps an Overweight rating on the shares. Upside in Arista’s $750M 2025 AI fabric opportunity target plus sustained 10%-plus non-AI growth into 2025-2026 is required to drive shares higher, in the firm’s opinion. Wells’ pluggable scenario model leaves it to consider $12/share.