Piper Sandler raised the firm’s price target on F5 Networks (FFIV) to $355 from $304 and keeps a Neutral rating on the shares. The firm notes that shares were pointed up about 10% after-hours, and rightfully so, as F5 reported an even stronger beat than anticipated, with Systems coming in materially above expectations. Piper says it would be more constructive at a lower level.
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:
- Cautious Optimism for F5 Networks Amid Strong Performance and Growth Uncertainty
- Balanced Outlook on F5 Networks: Growth Potential Amid Valuation Concerns
- F5 Networks price target raised to $321 from $274 at Barclays
- F5 Networks: Strong Performance, Strategic Positioning, and Promising Future Prospects Drive Buy Rating
- F5, Inc. Reports Strong Q3 Revenue Growth