As previously reported, BNP Paribas Exane upgraded Arista Networks (ANET) to Outperform from Neutral with a price target of $172, up from $125, calling the company a “key beneficiary” of the multi-year AI data center capex supercycle. The firm, which has raised its back-end AI networking Ethernet switch forecasts, also expects enterprise campus opportunities to offer incremental margin expansion and revenue opportunities.
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