Arista Networks shares surge 5.41% intraday following Piper Sandler upgrade to Overweight and raised $159 price target, reflecting bullish analyst sentiment.

Arista Networks (ANET) surged 5.41% intraday following the announcement of significant product upgrades to its Cognitive Campus platform on December 10. The company launched Arista VESPA for large-scale WLAN mobility, expanded its AVA agentic AI system for AI-driven operations, and introduced outdoor-ready campus switches powered by EOS. These innovations reinforced Arista’s positioning in enterprise networking and AI integration. Additionally, Piper Sandler upgraded the stock to “Overweight” on January 6, raising its price target to $159 (9.7% upside), while 24 analysts maintain a “Strong Buy” consensus. The upgrades highlighted Arista’s strategic momentum and AI-focused growth, aligning with the stock’s sharp intraday rise.