Truist initiated coverage of Arista Networks (ANET) with a Buy rating and $161 price target Networking and Hardware represents the group most directly linked to elevated AI and cloud investment at a time when U.S. hyperscaler capex alone is forecasted to total about $700B in 2026, the analyst tells investors while rolling out coverage of the group. The firm, which favors a more selective approach to the stocks considering relatively higher valuations, names Arista, Cisco (CSCO), HPE (HPE) and Motorola Solutions (MSI) among its favorites in the group.
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