Evercore ISI analyst Amit Daryanani lowered the firm’s price target on Arista Networks (ANET) to $100 from $130 and keeps an Outperform rating on the shares, which are being added to the firm’s “Tactical Outperform” list. Arista has become a consensus short over the past couple of months and the company is well positioned to beat and maintain the revenue guidance it previously issued against “the lowest expectations we have seen for the stock in the past few years,” the analyst tells investors.
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