Arista Networks price target raised to $180 from $165 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the firm’s price target on Arista Networks (ANET) to $180 from $165 and keeps an Overweight rating on the shares. Arista conversations have started to pick up in the last month, after a long stretch of underperforming given questions around share/margins, the analyst tells investors in a research note. Despite the run up, the firm is still positively inclined into the Q1 print, as the company’s ability to highlight scope of new customers and margin resilience presents opportunity.