15 AI News You Must Read Today

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4. Arista Networks, Inc. (NYSE:ANET)

Market Capitalization: $124.14 billion

Arista Networks, Inc. (NYSE:ANET) delivers software-driven cloud networking solutions for large data center storage and computing environments.

On November 13, Evercore raised its price target on Arista Networks, Inc. (NYSE:ANET) to $450 from $425 and reiterated an “Outperform” rating. According to Evercore analysts, a number of drivers will boost revenues for the company in 2025, including new customers. There is room for upside stemming from the accelerating demand for AI Ethernet switching and the growth of campus networks.

“Arista was predictably conservative with the CY25 revenue guide (15-17%), which leaves room for upside as we go through the year. The team sees a path to at least 20% revenue growth in 2025 and 2026, which should edge the stock toward $500”

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