TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Arista Networks (ANET) to $200 from $170 and keeps a Buy rating on the shares. The firm said optimism on the heels of HSP capex commentary runs into the reality of tight supply. Management emphasized no demand destruction, and that it was a “when” rather than an “if” that they would eventually secure capacity to meet upside.
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