On Oct 29, major Wall Street analysts update their ratings for $F5 Inc (FFIV.US)$, with price targets ranging from $230 to $285.
Morgan Stanley analyst Meta Marshall maintains with a hold rating, and adjusts the target price from $200 to $230.
J.P. Morgan analyst Samik Chatterjee maintains with a hold rating, and adjusts the target price from $225 to $250.
Barclays analyst Tim Long maintains with a hold rating, and adjusts the target price from $214 to $246.
Needham analyst Matt Dezort initiates coverage with a buy rating, and sets the target price at $285.
RBC Capital analyst Matthew Hedberg maintains with a hold rating, and adjusts the target price from $205 to $240.
Furthermore, according to the comprehensive report, the opinions of $F5 Inc (FFIV.US)$'s main analysts recently are as follows:
F5 Networks' sustained software growth is expected to contribute to a further re-evaluation of its shares as the company transitions more towards a software-centric model.
F5 Networks' Q4 outcomes surpassed expectations, largely driven by software performance, and the outlook has been improved due to a somewhat more favorable enterprise spending climate, market share gains, and anticipated price hikes. Despite the stock's approximately 20% increase over the past three months, a stronger conviction in the software narrative is required to enhance the valuation multiple.
F5 Networks' September quarter results surpassed expectations on both revenue and earnings, primarily due to strong software performance. Sales growth is anticipated to reach 4.5% by fiscal 2025, with sustained momentum in software and a recovery in systems from their low point.
F5 Networks ended its fiscal year positively, surpassing both consensus estimates and its own projected high-end guidance on key financial metrics. The initial guide for FY25 was also above expectations. Despite the encouraging consistency of results and a raised outlook, cautiousness is advised regarding the second half's financial performance, anticipated new business, and the stock's current valuation.
Here are the latest investment ratings and price targets for $F5 Inc (FFIV.US)$ from 6 analysts:
Note:
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