Extreme Networks Price Target Raised to $26 on Strong Earnings Beat, Software Momentum, and EMEA Outperformance
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Needham analyst Ryan Koontz has raised the price target for Extreme Networks (EXTR) to $26, maintaining a Buy rating due to strong earnings, robust software subscription growth, and EMEA outperformance. The company exceeded revenue and EPS expectations, with stable gross margins and solid recurring software revenue momentum. Rosenblatt Securities also reiterated a Buy rating with a $29 price target. Koontz has an average return of 34.2% on recommended stocks.
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