UBS has increased its price target for Arista Networks (ANET) to $425 from $369 while keeping a Neutral rating on the stock.
The company's revenue guidance is believed to be conservative, although the outlook for gross margins is less favorable.
Analysts suggest that the expected weakness in non-AI related revenue for the upcoming year could present challenges for the stock's performance.
Investors are advised to take these factors into consideration when assessing Arista Networks' market position.