Morgan Stanley has ideas for how to play telecom and networking equipment stocks entering 2025. While the broader group outperformed the market, there was still bifurcation, according to equity analysts led by Meta Marshall. Specifically, Marshall wrote in a research report out last week that stocks seen as enablers of artificial intelligence saw notably larger gains this year.
mountain Nutanix in 2024. Shares have climbed more than 24% in 2024, extending last year's rally of 83%. Arista Networks , meanwhile, is also an AI play in the sector that's gaining market share, Marshall said. Marshall's recommendation comes amid a strong year for Arista. The stock has almost doubled, climbing some 95% in 2024, roughly equal to what it gained in 2024. Marshall hiked her price target to $118 from $102.
mountain Arista Networks in 2024.
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