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.
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