In a report released yesterday, Sami Badri from Credit Suisse assigned a Buy rating to F5 Networks (NASDAQ: FFIV), with a price target of $188. The company’s shares closed yesterday at $174.41, close to its 52-week high of $175.54.
Badri commented:
“We value the company based on a P/FY2 EPS multiple and our proprietary HOLT ® DCF model.”
According to TipRanks.com, Badri is ranked 0 out of 5 stars with an average return of -7.6% and a 20.7% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and CommScope Holding.
Currently, the analyst consensus on F5 Networks is Moderate Buy and the average price target is $166.50, representing a -4.5% downside.
In a report issued on May 20, BMO Capital also reiterated a Buy rating on the stock.
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The company has a one-year high of $175.54 and a one-year low of $114.63. Currently, F5 Networks has an average volume of 726.3K.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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F5 Networks, Inc. engages developing and providing of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
