F5 Networks (FFIV) PT Raised to $345 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on F5 Networks (NASDAQ: FFIV) to $345.00 (from $325.00) while maintaining an Outperform rating.

The analyst commented: "F5 delivered a strong beat/raise quarter as the Oct/25 security incident had minimal impact on results. FY/26 guidance was raised and now reflects essentially no conservatism for the incident. Results were driven by hybrid multi-cloud adoption, refresh momentum, enterprise AI adoption that appears to be hitting an inflection point & strength in the US Fed and EMEA. Despite the rally in shares, we think the stock has additional room to run due to both upside to estimates and multiple expansion. Maintain OP and raise PT to $345 on higher estimates."

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