Piper Sandler raised the firm’s price target on F5 (FFIV) to $325 from $295 and keeps an Overweight rating on the shares. The firm notes shares were up over 10% after-hours as F5 saw very minimal demand disruption this past quarter, a building pipeline around hybrid multi-cloud, AI modernization, and delivery/security convergence, and strong product refresh, all of which resulted in a large Q1 beat and FY26 guide surprisingly being raised already by well more than the Q1 upside.
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Read More on FFIV:
- F5 price target raised to $283 from $267 at Barclays
- Closing Bell Movers: Texas Instruments up 8%, F5 up 11% on earnings
- F5 reports Q1 adjusted EPS $4.45, consensus $3.65
- F5 sees Q2 adjusted EPS $3.34-$3.46, consensus $3.39
- F5 raises FY26 EPS view to $15.65-$16.05 from $14.50-$15.50, consensus $15.11