Arista Networks (ANET) Earns $155 Target as UBS Highlights Confident FY26 Outlook

Core Viewpoint - Arista Networks Inc (NYSE:ANET) is being closely monitored by analysts as a promising AI stock, with UBS analyst David Vogt maintaining a Buy rating and a price target of $155.00, supported by a strong outlook and minimal near-term risks [1]. Financial Guidance and Growth Targets - Arista typically does not provide guidance assuming perfect conditions but maintains visibility for two quarters to support its initial guidance and subsequent revisions [2]. - The company has set a growth goal of 20% for fiscal year 2026 (F26), which is earlier than usual, indicating confidence in its performance. This goal is backed by a campus target of $800 million in fiscal year 2025 (F25) and $1.25 billion in F26, with expectations to exit F25 at $1.5 billion in Front End/Back End operations and reach $2.75 billion by 2026 [3]. Market Conditions and Supply Commitments - Arista has not indicated any risks for the fourth quarter or fiscal years 2025/2026 during its last earnings call. However, the company acknowledged market tightness, leading to increased purchase commitments to ensure supply [4].