Piper Sandler raised the firm’s price target on F5 Networks (FFIV) to $304 from $246 and keeps a Neutral rating on the shares. The firm notes shares are pointed higher after F5 reported its largest beat in the company’s history given better IT budgets, datacenter refresh, vendor consolidation, competitive disruption, AI-related demand, and some pull-in of demand ahead of price increases across hardware and software.
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