Evercore keeps Arista Networks at "Outperform" but drops it from its tactical list, citing limited short-term upside despite strong long-term growth potential.

Evercore maintains its "Outperform" rating on Arista Networks (ANET) but removes the stock from its tactical list, indicating reduced short-term enthusiasm despite continued confidence in long-term growth. The firm highlights Arista’s strong position in data center networking, innovation in AI and cloud infrastructure, and solid financial health. The shift suggests Evercore sees limited near-term upside relative to risk, though it still views Arista as a compelling long-term play amid rising demand for high-performance networking driven by AI and cloud expansion.