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Investing.com — F5 Networks Inc (NASDAQ:FFIV). rose almost 8% after being upgraded at Morgan Stanley (NYSE:MS). Shares are around $144, up about 66% from a 2020 low in March.
Morgan Stanley upgraded the cybersecurity company to overweight from equalweight and increased its price target by $40, to $175.
Analyst Meta Marshall cites “uncaptured value” in the software business, diminishing hardware headwinds, and “increased confidence” in F5’s earnings power, according to Seeking Alpha.
F5 has six buys, three holds and no sells, according to data compiled by Investing.com, with an average price target of $158.
