Wolfe Research raised the firm’s price target on Arista Networks (ANET) to $185 from $160 and keeps an Outperform rating on the shares. The company’s analyst day was “very bullish,” the analyst tells investors in a research note. However, the firm thinks the stock could be flat-to-down based on the company’s margin guidance for 2026 and beyond. Wolfe points out that Arista has historically been very conservative with expectations, and that it believes the margin outlook is no exception.
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