F5 Networks price target raised to $206 from $163 at Barclays

Barclays raised the firm’s price target on F5 Networks to $206 from $163 and keeps an Equal Weight rating on the shares. The company’s December quarter results beat on the bottom line while revenue was in-line, the analyst tells investors in a research note. The firm says that while better visibility and demand are encouraging, budgets remain scrutinized. It still models a 2% revenue decline in fiscal 2024 for F5 amid weak systems, but says margins “are improving nicely.”