Morgan Stanley: Arista Networks' data center business growth momentum strengthens, raising target price to $410 USD
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Morgan Stanley analyst reiterated an overweight rating on Arista Networks and raised the target stock price from $355 to $410. The analyst pointed out that Arista's growth momentum in the cloud and data center networking sector continues to strengthen, with financial performance expected to be announced in the third quarter of 2024. Analysts generally expect adjusted earnings per share to be $2.08 and revenue to be $1.76 billion
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