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Arista Networks price target raised to $155 from $130 at Needham

Needham raised the firm’s price target on Arista Networks (ANET) to $155 from $130 and keeps a Buy rating on the shares. The company delivered a very strong Q2 and meaningfully raised second-half guidance from about 10% to 22% y/y growth, the analyst tells investors in a research note. Arista management also relayed strong progress on its four AI back-end customers on track to deliver $1.5B in AI revenues in FY25, Needham added.

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