Selected stock price target news of the day - January 29th, 2025

By: Matthew Otto

F5 Exceeds Q1 Expectations, Raises FY 2025 Guidance Amid Strong Software Growth

F5 reported financial results for the first quarter of fiscal year 2025, posting revenue of $766 million. The revenue shows an 11% increase from $693 million in the same quarter last year, and ahead of the consensus estimate of $715.45 million.

Software revenue surged 22% to $209 million, while systems revenue grew 18% to $160 million. Global services revenue rose 3% to $398 million. GAAP gross profit reached $626 million, representing an 81.7% gross margin, compared to $556 million and an 80.3% margin a year earlier. Non-GAAP gross profit was $643 million, with an 83.9% gross margin.

F5 reported GAAP net income of $166 million, or $2.82 per diluted share, up from $138 million, or $2.32 per diluted share, in the prior year. Non-GAAP net income stood at $227 million, translating to $3.84 per diluted share, beating analysts’ estimates of $3.36 by $0.48.

Looking ahead, F5 forecasts second-quarter fiscal year 2025 revenue between $705 million and $725 million, surpassing the consensus estimate of $703.6 million. F5 expects non-GAAP earnings per share in the range of $3.02 to $3.14, below analysts’ expectations of $3.22.

For the full fiscal year, F5 raised its revenue growth projection to 6% to 7%, up from its prior guidance of 4% to 5%, and increased its non-GAAP earnings per share growth forecast to 6.5% to 8.5%, up from 5% to 7%.

Analysts Raise Price Targets Following Q1 Results and Updated Guidance

Needham analyst Matt Dezort maintained a Buy rating while increasing the price target from $285 to $360.
Morgan Stanley analyst Meta Marshall kept an Equal-Weight rating and raised the price target from $262 to $310.
Barclays analyst Tim Long maintained an Equal-Weight rating while lifting the price target from $246 to $296.
Piper Sandler analyst James Fish elevated the price target from $246 to $304.
Goldman Sachs analyst Michael Ng revised the price target upward from $246 to $295.

Which Analyst has the best track record to show on FFIV?

Analyst Tim Long (BARCLAYS) currently has the highest performing score on FFIV with 23/23 (100%) price target fulfillment ratio. His price targets carry an average of $5.67 (2.36%) potential upside. F5 stock price reaches these price targets on average within 246 days.

Qorvo Reports Q3 Results Above Estimates and Provides Q4 Guidance

Qorvo reported its fiscal 2025 third-quarter results, surpassing analyst expectations. On a non-GAAP basis, diluted earnings per share (EPS) were $1.61, beating the consensus estimate of $1.21 by $0.40. Revenue for the quarter totaled $916.3 million, exceeding the consensus estimate of $902.6 million. On a GAAP basis, Qorvo recorded a gross margin of 42.7%, operating income of $53.0 million, and diluted EPS of $0.43.

Looking ahead, Qorvo provided an optimistic fourth-quarter outlook. Projecting non-GAAP EPS between $0.90 and $1.10, surpassing the consensus estimate of $0.86. Revenue guidance stands at approximately $850 million, ahead of the $849 million consensus.

Analysts Adjust Ratings and Targets Following Q3 Results and Q4 Outlook

Stifel analyst Ruben Roy maintained a Hold rating while lowering the price target from $95 to $90.
Benchmark analyst Cody Acree reiterated a Hold rating.
Citigroup analyst Atif Malik maintained a Sell rating but reduced the price target from $72 to $69.
Needham analyst Quinn Bolton reiterated a Buy rating and a $100 price target.
TD Cowen analyst Krish Sankar raised price target to $90.

Which Analyst has the best track record to show on QRVO?

Analyst Toshiya Hari (GOLDMAN SACHS) currently has the highest performing score on QRVO with 11/12 (91.67%) price target fulfillment ratio. His price targets carry an average of $6.31 (8.80%) potential upside. Qorvo stock price reaches these price targets on average within 58 days.

Logitech Reports Strong Q3 Performance and Raises FY 2025 Outlook

Logitech International reported its financial results for Q3 of Fiscal Year 2025, with total sales reaching $1.34 billion. This is marking a 7% increase in US dollars and 6% in constant currency compared to the same period in the prior year. This exceeded the consensus estimate of $1.25 billion.

GAAP gross margin was 42.9%, up 90 basis points year-over-year, while non-GAAP gross margin stood at 43.2%, also an increase of 90 basis points. Operating income was $235 million under GAAP, reflecting a 6% growth, and $266 million on a non-GAAP basis, which represents a 7% increase. GAAP earnings per share (EPS) were $1.32, down 15% compared to the prior year, but non-GAAP EPS of $1.59 exceeded analyst expectations by $0.22, compared to the estimate of $1.37.

Logitech raised its full-year outlook for Fiscal Year 2025, now projecting revenue between $4.54 billion and $4.57 billion. This is up from the previous range of $4.39 billion to $4.47 billion and ahead of the consensus estimate of $4.465 billion. This revision implies a sales growth of 5.4% to 6.4% in US dollars, compared to the earlier forecast of 2% to 4%. In constant currency, the growth is expected to range between 6.2% and 7.1%.

Logitech also adjusted its non-GAAP operating income outlook, now expecting a range of $755 million to $770 million, up from the prior forecast of $720 million to $750 million. The company anticipates non-GAAP operating income growth of 8% to 10%, up from the earlier expectation of 3% to 7%.

Analysts Raise Price Targets Following Strong Q3 Performance

JP Morgan analyst Samik Chatterjee maintained a Neutral rating, while raising the price target from $99 to $100.
Citigroup analyst Asiya Merchant kept a Neutral rating, but increased the price target from $92 to $105.
Barclays analyst George Wang maintained an Overweight rating and raised the price target from $103 to $108.
Wedbush analyst Michael Pachter raised the price target to $100.

Which Analyst has the best track record to show on LOGI?

Analyst Alicia Reese (WEDBUSH) currently has the highest performing score on LOGI with 12/12 (100%) price target fulfillment ratio. Her price targets carry an average of $7.56 (9.40%) potential upside. Logitech International stock price reaches these price targets on average within 93 days.