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

Needham analyst Alex Henderson raised the price target on F5 Inc 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.

Momentum91.94

Growth59.97

Quality86.72

Value20.76

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