On August 26, Arista Networks rose 3.07% in regular trading, trading at $196.24/share, with turnover of $139 million. The stock gained momentum after Evercore ISI named Arista Networks one of its six must-own AI stocks for the second half of the year.

Evercore ISI cited accelerating demand for data center networking equipment driven by AI inference workloads and AI agents as key growth catalysts. The recommendation comes amid a wave of target price upgrades from multiple institutions: President Capital raised its target to $238 from $180, BNP Paribas adjusted to $248 from $200, and Evercore ISI lifted its target to $250 from $200, all maintaining buy-equivalent ratings. The current consensus target of approximately $250 implies significant upside from the current price level.

The bullish sentiment follows Arista's strong Q2 results reported earlier this month, in which revenue surged 37.7% year-over-year to $3.04 billion and adjusted EPS of $1.02 beat the $0.89 estimate by 14.6%. The company guided Q3 revenue to approximately $3.3 billion, well above the $2.95 billion consensus, reinforcing confidence in sustained AI-driven networking demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)