F5 Networks price target raised to $180 from $160 at BofA

BofA analyst Tal Liani raised the firm’s price target on F5 Networks (FFIV) to $180 from $160 and keeps an Underperform rating on the shares. The “focal point of the quarter” was the strong software growth in Q4, as the rise of 19% year-over-year was significantly above the Street’s 6.4% expectation, the analyst tells investors. However, with the stock up 46% in the last twelve months, and given the low expected growth rate and the firm’s concerns over the quality of revenue growth, “we find the stock unattractive and reiterate our Underperform rating,” the analyst added.