F5, Inc. — Wall Street Analyst Estimates & Price Targets

FFIV

NASDAQTechnologySoftware - InfrastructureCIK 0001048695f5.comAbout FFIV

Last close · Oct 16, 2026442.03−14.55 (−3.19%)

Market cap$25.0B

3 firms' latest targets, last 90 days: median $397.00 ($300.00–$461.00), 10% below the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 3 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-07-28	Piper Sandler	$461.00	$295.00	▲ 56%	+15%	+4%
2026-07-28	Barclays	$397.00	$292.00	▲ 36%	-3%	-10%
2026-07-28	BOCOM International Holdings Company	$300.00	—	—	-26%	-32%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2022reported	$2.7B	+4%	$5.27	-1%	est. $2.7B+0%	est. $10.11	13
2023reported	$2.8B	+4%	$6.55	+24%	est. $2.8B+0%	est. $11.42	15
2024reported	$2.8B	+0%	$9.55	+46%	est. $2.9B-4%	est. $10.66	4
2025reported	$3.1B	+10%	$11.80	+24%	est. $3.1B+1%	est. $15.39	9
2026	$3.4B	+10%	$17.33	+13%	$3.3B–$3.4B	$17.29–$17.41	9
2027	$3.6B	+7%	$18.03	+4%	$3.5B–$3.7B	$17.66–$18.77	9
2028	$3.9B	+7%	$20.13	+12%	$3.8B–$4.1B	$17.41–$22.85	9
2029	$4.1B	+5%	$21.91	+9%	$3.9B–$4.3B	$18.86–$24.96	2

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$397.00median target, 10% below the last close

Firms with a target · last 90 days: 3
Lowest – highest target: $300.00 – $461.00
Current grades of 9 firms: positive / neutral / negative: 4 / 4 / 1
Upgrades / downgrades · 12 months: 4 / 1
Consensus revenue growth · next 3 FY: +8% a year

Current grades

each firm's latest · 9 firms

As of	Firm	Grade
2026-10-12	RBC Capital	“Outperform”
2026-07-28	J.P. Morgan	“Overweight”
2026-07-28	Morgan Stanley	“Equal Weight”
2026-07-28	Piper Sandler	“Overweight”
2026-07-28	Barclays	“Equal Weight”
2026-05-26	Bank of America	“Underperform”
2026-05-18	Evercore ISI	“Outperform”
2026-04-29	Needham	“Hold”
2026-01-28	Goldman Sachs	“Neutral”

Grade changes

last 24 months · 5

Date	Firm	Grade
2026-05-18	Evercore ISI	“In Line” → “Outperform” upgrade
2026-01-15	J.P. Morgan	“Neutral” → “Overweight” upgrade
2026-01-05	Piper Sandler	“Neutral” → “Overweight” upgrade
2026-01-05	RBC Capital	“Sector Perform” → “Outperform” upgrade
2025-10-28	Needham	“Buy” → “Hold” downgrade

55 older than 24 months

2023-10-26	Bank of America	“Neutral” → “Underperform” downgrade
2023-04-20	Barclays	“Overweight” → “Equal Weight” downgrade
2022-10-11	Evercore ISI	“Outperform” → “In Line” downgrade
2022-07-20	Bank of America	“Buy” → “Neutral” downgrade
2022-07-14	Credit Suisse	“Outperform” → “Neutral” downgrade
2022-07-14	J.P. Morgan	“Overweight” → “Neutral” downgrade
2022-07-13	Piper Sandler	“Overweight” → “Neutral” downgrade
2022-04-12	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2022-01-10	Evercore ISI	“In Line” → “Outperform” upgrade
2021-07-27	Bank of America	“Neutral” → “Buy” upgrade
2021-06-10	Credit Suisse	“Neutral” → “Outperform” upgrade
2021-06-01	Goldman Sachs	“Neutral” → “Sell” downgrade
2021-04-08	Credit Suisse	“Outperform” → “Neutral” downgrade
2020-11-25	Bank of America	“Underperform” → “Neutral” upgrade
2020-11-16	J.P. Morgan	“Neutral” → “Overweight” upgrade
2020-10-23	MKM Partners	“Neutral” → “Buy” upgrade
2020-07-09	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2020-02-10	Needham	“Hold” → “Buy” upgrade
2019-12-05	Bank of America	“Buy” → “Underperform” downgrade
2019-09-09	Piper Sandler	“Neutral” → “Overweight” upgrade
2019-08-08	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2019-07-08	Goldman Sachs	“Neutral” → “Sell” downgrade
2019-04-01	Nomura	“Neutral” → “Buy” upgrade
2019-03-29	Piper Sandler	“Underweight” → “Neutral” upgrade
2019-03-12	J.P. Morgan	“Overweight” → “Neutral” downgrade
2019-01-17	William Blair	“Outperform” → “Market Perform” downgrade
2018-10-12	Standpoint Research	“Hold” → “Buy” upgrade
2018-10-01	Piper Sandler	“Neutral” → “Underweight” downgrade
2018-07-19	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2018-06-19	Citigroup	“Buy” → “Neutral” downgrade
2018-06-18	Standpoint Research	“Buy” → “Hold” downgrade
2018-05-16	D.A. Davidson	“Buy” → “Neutral” downgrade
2018-01-05	Bank of America	“Neutral” → “Buy” upgrade
2018-01-04	BMO Capital	“Market Perform” → “Outperform” upgrade
2017-10-02	Standpoint Research	“Accumulate” → “Buy” revised
2017-07-27	Wells Fargo	“Outperform” → “Market Perform” downgrade
2017-07-27	Oppenheimer	“Outperform” → “Market Perform” downgrade
2017-07-14	Piper Sandler	“Overweight” → “Neutral” downgrade
2017-03-29	Deutsche Bank	“Hold” → “Sell” downgrade
2016-12-14	Citigroup	“Neutral” → “Buy” upgrade
2016-11-30	Bernstein	“Outperform” → “Market Perform” downgrade
2016-11-09	Nomura	“Reduce” → “Neutral” upgrade
2016-10-27	Piper Sandler	“Neutral” → “Overweight” upgrade
2016-09-14	Oppenheimer	“Perform” → “Outperform” upgrade
2016-07-21	Credit Suisse	“Outperform” → “Neutral” downgrade
2016-05-17	Pacific Crest	“Overweight” → “Sector Weight” downgrade
2016-01-15	Sterne Agee	“Buy” → “Neutral” downgrade
2016-01-15	Sterne Agee	“Buy” → “Neutral” downgrade
2016-01-14	Barclays	“Equal Weight” → “Underweight” downgrade
2016-01-12	Deutsche Bank	“Buy” → “Hold” downgrade
2015-12-09	Nomura	“Neutral” → “Reduce” downgrade
2015-11-13	JMP Securities	“Market Outperform” → “Market Perform” downgrade
2015-11-13	William Blair	“Outperform” → “Market Perform” downgrade
2015-10-29	RBC Capital	“Outperform” → “Sector Perform” downgrade
2015-10-29	Needham	“Buy” → “Hold” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.