Arista Networks climbs as Piper Sandler upgrades to 'overweight'

Shares of networking equipment provider Arista Networks ANET.N rise 2.7% to $137.18 premarket

Piper Sandler upgrades ANET to "overweight" from "neutral"; raises PT to $159 from $145, a 19% upside to stock's last close

While concerns remain around share shifts toward whitebox/NVIDIA and the AI-driven capex cycle, ANET continues to hold its position with key customers, expand in large enterprise accounts across datacenters and campuses, and typically experiences delayed capex compared to peers - Piper Sandler

26 analysts rate stock "buy" on average; median PT is $164 - data compiled by LSEG

As of last close, ANET up ~2% in the past 12 months