Rosenblatt Raises Price Target For Arista Networks (ANET)

Group 1 - Arista Networks (NYSE:ANET) is recognized as one of the top 11 communication equipment stocks favored by hedge funds [1] - Analyst Michael Genovese from Rosenblatt raised the price target for Arista Networks from $140 to $165, indicating a 20% upside potential at current levels while maintaining a Neutral rating [1][2] - The company is expected to announce its fourth-quarter results soon, with positive developments noted in recent wins and opportunities [2] Group 2 - Arista Networks specializes in high-performance, software- and data-driven client-to-cloud networking solutions, focusing on AI, data center, and routing architectures [4] - The company emphasizes low latency, automation, high-speed, and scalability, serving diverse market segments including cloud service providers, financial services, government, healthcare, education, and energy [4] - Recent developments in Microsoft's AI chip rollout are seen as beneficial for Arista, as it reduces dependency on Nvidia and supports Ethernet-driven scale-up for AI workloads [3]