RBC Capital upgraded F5 (FFIV) to Outperform from Sector Perform with a price target of $325, up from $315. The firm has increased confidence in the company’s trends over the last year continuing despite the October 25 security incident. F5 has “appropriately discounted” the potential impact of the security incident and based on channel checks, the impact of the incident looks to be less than what is currently contemplated in guidance, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FFIV:
- F5 upgraded to Overweight from Neutral at Piper Sandler
- F5 price target lowered to $296 from $336 at Morgan Stanley
- F5 announces expanded collaboration with NetApp
- Cautious Hold Rating on F5 Networks Amid Security Breach Uncertainties
- November checks incrementally worse on F5 pipeline, says Morgan Stanley