JPMorgan raised the firm’s price target on Arista Networks (ANET) to $190 from $175 and keeps an Overweight rating on the shares. The company raised its full-year revenue growth guidance materially due to momentum in its leverage to the AI investment cycle, the analyst tells investors in a research note. The firm says the momentum across Arista’s hyperscaler customers is supporting higher confidence in AI networking revenue for the year.
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