RBC Capital Upgrades F5 Networks (FFIV) to Outperform

RBC Capital analyst Matthew Hedberg upgraded F5 Networks (NASDAQ: FFIV) from Sector Perform to Outperform with a price target of $325.00 (from $315.00).

The analyst comments: "We are upgrading FFIV to OP from SP and raising our PT to $325 from $315. Overall we have increased conviction around the October security incident having less of an impact than initially feared as we believe estimates are de-risked. Furthermore, we believe estimates can benefit from cloud repatriation, an emerging AI opportunity and a focus on security. Additionally, we see a more favorable valuation with shares down 25% since mid-October. Overall, we are bullish on F5 benefiting from increased private data center investments, especially in light of AI investments as higher performance requirements drive refreshes."

For an analyst ratings summary and ratings history on F5 Networks click here. For more ratings news on F5 Networks click here.

Shares of F5 Networks closed at $256.63 yesterday.

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