TD Cowen analyst Paul Silverstein lowered the firm’s price target on F5 Networks to $170 from $177 and keeps an Outperform rating on the shares. The analyst said the disappointing 2023 outlook, especially for software driven by increased budget scrutiny and more pervasive project delays, drive further reduction in our estimates which drives our reduced price target.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on FFIV:
- F5 Networks Slides on Soft Guidance
- F5 Networks price target lowered to $155 from $166 at Credit Suisse
- F5 Networks price target lowered to $143 from $156 at Piper Sandler
- F5 Networks downgraded to Equal Weight from Overweight at Barclays
- F5 Networks cuts FY23 revenue growth view to ‘low-single-digit’ from 9%-11%
