KeyBanc raised the firm’s price target on Arista Networks (ANET) to $178 from $170 and keeps an Overweight rating on the shares. The firm notes Q4’s 29% revenue growth and 63.4% gross margins both exceeded expectations and Arista raised its 2026 guidance to 25% growth, now to $11.25B, with upside now expected from AI. KeyBanc thinks the company should be a benefactor of AI accelerator diversity, AI customer diversity, and expansion into new verticals such as Campus.
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