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Arista Networks price target raised to $145 from $115 at KeyBanc

KeyBanc analyst Brandon Nispel raised the firm’s price target on Arista Networks to $145 from $115 and keeps an Overweight rating on the shares. The firm notes Q2 results demonstrated AI demand, expanding opportunity from the NeoClouds, and traction in the Enterprise/Campus market. KeyBanc thinks that with Meta (META)/Microsoft (MSFT) capex expected to continue ramping; overall Hyperscale cloud capex expected to rise over 50% in 2025 and more than 20% in 2026; and increased levels of opportunity from emerging segments, Arista (ANET) appears well positioned.

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