Goldman Sachs Raises Price Target On F5 Networks (FFIV) But Keeps "Sell" Rating

Goldman Sachs lifted its price target on F5 Networks (NASDAQ: FFIV) today put is keeping their Sell rating following Q3 results after the close.

The price target goes from $94 to $98.

The firm notes, "Management commented on the call that it would be disappointed if it does not grow total revenue by 20% in FY12... We continue to believe F5 has little market share left to take and both our CIO survey work and revenue driver analysis point to no more than our estimated FY12 15% yoy product revenue growth."

For more ratings news on F5 Networks click here and for the rating history of F5 Networks click here.

Shares of F5 Networks closed at $111.44 yesterday.

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