🟢 Arista Networks, Inc. is trading 4.5% up after Morgan Stanley raises price target

Arista Networks, Inc. is trading 4.5% up at $5.83 after a positive analyst action from a major Wall Street firm.

• Morgan Stanley raised its price target on Arista to $190 from a previous $180.
• The firm maintained its 'Overweight' rating on the shares.
• The analysts noted they view Arista as a preferred way to play an 'underappreciated front-end networking refresh cycle' driven by AI inference and rising CPU intensity.