Goldman Sachs raised the firm's price target on F5 to $385 from $335 and keeps a Neutral rating on the shares. At its Analyst Day, F5 outlined mid-term targets calling for upper-single-digit revenue compound annual growth rate and double-digit EPS CAGR through FY2029, implying materially higher 2029 revenue and earnings than consensus, driven by expanding demand for application delivery and security from hybrid multicloud adoption, AI-driven inference workloads, and an expanding threat surface, with the company also projecting a significant increase in its total addressable market, the analyst tells investors in a research note.
