Extreme Networks price target lowered to $15 from $16 at Lake Street

Lake Street analyst Eric Martinuzzi lowered the firm’s price target on Extreme Networks (EXTR) to $15 from $16 and keeps a Hold rating on the shares. While “pleased with the good quarter and guide,” the firm’s FY26 estimates are unchanged and it is lowering its price target to reflect contracting multiples in the space, the analyst tells investors.