Rosenblatt upgrades Arista Networks on increased confidence in XPO strategy

As previously reported, Rosenblatt analyst Mike Genovese upgraded Arista Networks (ANET) to Buy from Neutral with a price target of $180, up from $165, based on increased confidence in the XPO strategy announced at OFC and better understanding of the sizing of the large front-end wins with Google (GOOGL) and Anthropic. The firm thinks revenue growth can exceed guidance for 25% in 2026 and 20% in 2027 and believes Arista could potentially grow the top line closer to 40% in both years as it maintains high share at Microsoft (MSFT) and Meta (META) and gains share at “AI networking architectural leader” Google, the analyst tells investors.