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Arista Networks price target raised to $495 from $341 at Barclays
The Fly

Arista Networks price target raised to $495 from $341 at Barclays

Barclays raised the firm’s price target on Arista Networks (ANET) to $495 from $341 and keeps an Overweight rating on the shares. The company beat Q3 estimates and guided next year to 15%-17%, slightly lower than expectations but likely conservative, the analyst tells investors in a research note. The firm is encouraged by Arista’s artificial intelligence ramp as well as share gains in campus and routing.

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