Redburn Atlantic initiated coverage of Arista Networks (ANET) with a Buy rating and $112 price target Arista’s networking products are “significant beneficiaries” of both larger generative artificial intelligence cluster sizes and the shift towards ethernet for back-end networks, the analyst tells investors in a research note. The firm says the company’s competitive advantage lies in its network operating system, Extensible Operating System. Redburn sees 22% potential upside to the current share price.
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