Piper Sandler raised the firm’s price target on F5 Networks (FFIV) to $304 from $269 and keeps a Neutral rating on the shares. Checks pointed towards “more of the same” from what has been seen for F5, though a shift towards hardware mix, the firm says. The upcoming refresh skews towards 2026, and Piper now expects Systems can grow in FY26 but Software estimates move lower. The firm sees much of this priced in at these levels.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FFIV:
- F5 Networks initiated with an Outperform at Wolfe Research
- IRIB says Israel launches cyberattack against Iran, Bloomberg reports
- Trump Trade: U.S., China representatives to meet about trade
- Trump signs Executive Order intended to ‘strengthen the nation’s cybersecurity’
- F5 Networks expands collaboration with Red Hat