Evercore ISI raised the firm’s price target on F5 Networks (FFIV) to $270 from $240 and keeps an In Line rating on the shares. The firm remains constructive on companies tied to broader enterprise IT and AI-related infrastructure spending and thinks the setup for calendar Q4 “remains favorable”, with expectations for in line or modest beats, the analyst tells investors. However, the firm suspects companies may take “a more prudent and cautious stance” for calendar 2025 guidance given ongoing uncertainty especially on the public spending side, the analyst added.
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