Arista Networks Inc (NYSE:ANET) remains in the spotlight for investors, with Evercore ISI reiterating an “Outperform” rating and $175 price target. Despite being removed from the Tactical Outperform list, ANET saw a 27% revenue growth in Q3 with gross margins above expectations at 65.2%.

The firm attributes ANET’s lack of stock upside to conservative guidance and shipment variability issues but believes this sets the stage for potential growth in CY26. ANET is well positioned to benefit from increased investments in networking, with the potential for outsized growth in the future.

ANET develops and sells cloud networking solutions, positioned to benefit from industry growth. While acknowledging ANET’s potential, some AI stocks offer greater upside with less downside risk. For those seeking undervalued AI stocks with potential benefits from current trends, check out the best short-term AI stock report.

Read more at Yahoo Finance: Evercore Reiterates Outperform on Arista Networks (ANET), Removes Stock From Tactical List