RBC Capital analyst Matthew Hedberg raised the firm’s price target on F5 Networks to $173 from $146 and keeps a Sector Perform rating on the shares. The analyst cites the company’s Q3 earnings beat while noting that the key takeaway from the call was early signs of stabilization in demand trends. These were better than Q1 and Q2 but still below F/22 levels, the firm tells investors in a research note.
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Read More on FFIV:
- F5 Networks price target raised to $193 from $179 at KeyBanc
- F5 Networks (NASDAQ: FFIV) Gains as Fiscal Q3 Results Beat Estimates
- F5 Networks price target raised to $162 from $140 at Barclays
- F5 Networks up 9% at $163.70 after Q3 earnings beat and guidance
- F5 Networks sees Q4 EPS $3.15-$3.27, consensus $3.22
