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.
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Read More on EXTR:
- Extreme Networks price target lowered to $15 from $16.50 at UBS
- Extreme Networks Reports Strong Q3 2025 Growth
- Extreme Networks’ Earnings Call Highlights Robust Growth
- Strong Financial Performance and Growth Prospects Justify Buy Rating for Extreme Networks
- Extreme Networks sees FY25 revenue $1.13B-$1.14B, consensus $1.13B