10 AI Stocks on Analysts’ Watchlists

8. F5 Inc. (NASDAQ:FFIV)

Number of Hedge Fund Holders: 31

F5 Inc. (NASDAQ:FFIV) offers application security, multi-cloud management, online fraud prevention, network security, and application delivery networking (ADN) services to secure, optimize, and deliver applications in cloud environments. The company specializes in protecting and managing APIs across different platforms for financial institutions, governments, and large enterprises. The F5 AI Data Fabric platform is a collection of models and APIs that make ML and AI highly accessible to users, offer enhanced app delivery and API protection, and ensure faster adaptability and response to cybersecurity threats. Meanwhile, the company’s AI Assistant within its F5 Distributed Cloud Services enables swift query-resolution, obtains relevant recommendations, and creates dashboards on a new-age natural language interface using the collective knowledge of the F5 ecosystem.

On January 31st, BofA increased F5 Inc.’s (NASDAQ:FFIV) target price to $260 from $180 but maintained an “Underperform” stock rating. The brokerage analyzed the company’s Q1 results earlier this week and inferred that it sees “a better near-term growth outlook.” However, analysts said most growth drivers are driven by temporary factors, the multiple is back to its historical high, and Q1 “may have been the best quarter for the year.”