Overview

• Needham raised its Arista Networks price target to $160 from $155 on September 16 and reiterated a Buy rating.
• The move followed Arista’s September 11 Analyst Day, where management emphasized new Cloud/AI capabilities targeting White Box and Nvidia ecosystems and outlined Enterprise Campus investments aimed at competing with Cisco.
• Needham highlighted recent senior leadership hires as catalysts for faster market expansion.
• The firm said its proprietary research indicates Arista became a major supplier to Anthropic in 2025, with revenue contribution expected in 2026, a claim not independently corroborated in these reports.
• Separately, UBS reaffirmed a $155 target on September 15, citing a 2026 revenue growth outlook of about 20% supported by AI data‑center spending at Meta, Microsoft, and Oracle.