RBC Capital raised its price target on F5 to $450 from $425 and maintained an Outperform rating. Analyst Matthew Hedberg cited potential upward bias in F5's USD revenue growth through fiscal 2029, driven by a refresh plus cycle, with growth after the refresh possibly proving more durable than in past cycles. RBC also noted F5 is still early in monetizing AI and sees additional security and data sovereignty use cases over time. Separately, F5 announced new web application and API protection capabilities for its Application Delivery and Security Platform, with Chief Product Officer Kunal Anand highlighting a risk engine that learns continuously and scores every request dynamically.
F5 Networks IncRBC Capital raised price target to $450 and maintained Outperform rating, citing potential revenue growth and AI monetization.