Arista Networks price target raised to $181 from $175 at Piper Sandler

Piper Sandler raised the firm’s price target on Arista Networks (ANET) to $181 from $175 and keeps an Overweight rating on the shares. The firm notes shares are lower following a 35% run over the last month, with early concerns post-print around “peak-growth” and “increased de-commitments” commentary constraining growth. Despite this, the business is showing acceleration due to AI exposure, with Arista well-exposed for inference-based use-cases given it counts hyperscalers, AI Titans, neoclouds, Edge Platforms, and large enterprises as customers, Piper adds.