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Read Why Needham Sees 25% Upside In F5; Remains Bullish

·1 min read
  • Needham analyst Alex Henderson raised the price target on F5 Inc (NASDAQ: FFIV) to $303 from $265 and reiterated a Buy. The new price target implies an upside of 24.5%.

  • Henderson also named F5 as his Single Best Idea for CY22 in Networking.

  • Henderson sees the company's Software revenue to exceed 50% of Product revenue in 2022.

  • As the sales mix shifts, he sees F5's operating margins expand by 200 bps per year.

  • As F5 becomes a Cloud/ Kubernetes play, the stock's multiple should also advance, Henderson adds.

  • F5 is a multi-cloud application security and delivery company. The company sells products for networking traffic, security, and policy management.

  • Its products ensure that applications are safely routed efficiently within on-premises data centers and across cloud environments.

  • Price Action: FFIV shares traded higher by 0.03% at $243.40 on the last check Tuesday.

Latest Ratings for FFIV

Dec 2021

Needham

Maintains

Buy

Dec 2021

Morgan Stanley

Maintains

Overweight

Oct 2021

Credit Suisse

Maintains

Outperform

View More Analyst Ratings for FFIV
View the Latest Analyst Ratings

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