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Piper Sandler Raises Arista Networks (ANET) Price Target to $181 on AI Exposure
Piper Sandler has increased its price target for Arista Networks (ANET) to $181, up from $175, maintaining an Overweight rating due to the company’s strong exposure to artificial intelligence. Arista Networks reported a 35.1% increase in total revenue for Q1, reaching $2.709 billion, and is raising its 2026 fiscal year revenue outlook to $11.5 billion. The company anticipates raising its AI fabrics goal to $3.5 billion, highlighting its robust growth within the AI sector.