Analyst Round-Up F5 Networks (FFIV): 3 Upgrades & A Litany of Price Target Raises

With F5 Networks (Nasdaq: FFIV) reporting strong Q4 results and guiding Q1 above the Street last night (and the resulting 15% rise in the stock today), a flock of analysts jumped on the bandwagon this morning. Amid the scrambling, we've got at least 3 upgrades today, as well as 11 estimate and price target raises.

Below are some of the analyst changes:

• upgraded from Sell to Neutral at UBS. The firm moved its price target from $29 to $47
  
• upgraded from Speculative Buy to Buy at Canaccord Adams
  
• upgraded from Neutral to Buy at MKM Partners. Price target from $36 to $50
  
• Goldman Sachs - price target moves from $38 to $43, maintains Neutral
  
• BofA - price target from $45 to $50, maintains Neutral
  
• Deutsche Bank - price target from $46 to $48, maintains Buy
  
• Barclays - target from $45 to $51, maintains Overweight
  
• Piper Jaffray - target from $42 to $51, maintains Overweight
  
• Wedbush - target from $43 to $50, maintains Neutral
  
• Thomas Weisel - target from $28 to $42, maintains Market Weight
  
• RBC Capital - target from $40 to $49, maintains Sector Perform
  
• BMO Capital - target from $36 to $46, maintains Market Perform
  
• Broadpoint.AmTech - target from $28 to $37, maintains Neutral
  
• Boenning & Scattergood - target from $45 to $53, maintains Outperform

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