F5 price target lowered to $280 from $320 at Evercore ISI

Evercore ISI analyst Amit Daryanani lowered the firm’s price target on F5 (FFIV) to $280 from $320 and keeps an In Line rating on the shares. FFIV delivered “a solid beat” for the September quarter, but the outlook for the December quarter and FY26 “appears less promising” due to challenges stemming from a recent security breach, the analyst tells investors in a post-earnings note. Investors are likely to adopt a cautious stance and wait to see if F5 can effectively navigate the breach impact without broader revenue or EPS setbacks, the analyst contends.