Morgan Stanley analyst Meta Marshall raised the firm’s price target on F5 Networks to $190 from $170 and keeps an Equal Weight rating on the shares as she rolled her valuation forward to calendar year 2024 estimates in conjunction with a 2023 preview note for the North American Telecom & Networking Equipment space. In general for the group, Marshall said she leans cautious until estimates come down, adding that estimate revisions are more likely to come late in the first half as backlogs clear and the demand picture becomes clearer.
Published first on TheFly
