Redburn Atlantic has begun coverage on Arista Networks (ANET, Financial), assigning a Buy rating and setting a price target of $112. The analysis indicates that Arista's networking solutions are positioned to benefit significantly from the trend towards larger generative AI cluster sizes and the transition to Ethernet-based back-end networks.
The company's key strength lies in its network operating system, known as the Extensible Operating System, which provides a competitive edge. According to Redburn, there is a potential for a 22% increase in the stock's current value.
