F5 Incorporated (FFIV) Strongly Positioned With Multi-Cloud Pipeline and Product Refresh

F5 Incorporated (NASDAQ:FFIV) is one of the 11 best communication equipment stocks according to hedge funds.

On January 28, the price target on F5 Incorporated (NASDAQ:FFIV) was raised from $296 to $305 by Morgan Stanley analyst Meta Marshall. She reaffirmed an Equal Weight rating on the stock following an impressive fiscal Q1. The analyst remains encouraged about the prospects; however, she seeks further visibility into software growth and the scaling of AI use cases before turning positive on the stock. Her revised price target still results in an upside of more than 10% from the prevailing level.

On January 28, James Fish from Piper Sandler maintained his Overweight rating on F5 Incorporated (NASDAQ:FFIV). In the process, he also raised the price target from $295 to $325, yielding roughly 18% upside potential.

Fish noted a minute demand disruption for the business during the last quarter. He also highlighted the company’s strong hybrid multi-cloud pipeline, AI advancements, delivery/security convergence, and a robust product refresh, which have led to an optimistic outlook for the coming year.

F5 Incorporated (NASDAQ:FFIV) is a provider of multi-cloud application security and delivery solutions, ensuring speed, security, and availability across different architectures. It delivers AI-enhanced security, API protection, and multi-cloud services for enterprise clients. The business entails distinct operations such as F5 Distributed Cloud Services, NGINX, and BIG-IP hardware & software solutions.

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Disclosure: None. This article is originally published at Insider Monkey.