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Extreme Networks price target raised to $24 from $20 at Needham

Needham raised the firm’s price target on Extreme Networks (EXTR) to $24 from $20 and keeps a Buy rating on the shares. The company delivered a strong Q4 earnings beat while guiding FY26 ahead of consensus, with record net new SaaS ARR of $24MM and strength in APAC and EMEA, the analyst tells investors in a research note. Needham adds that the company’s new Platform ONE launch in the September quarter should drive slow, steady acceleration in ARR and its differentiated campus fabric architecture to generate up-market share gains.

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