Extreme Networks price target raised to $28 from $26 at B. Riley

B. Riley raised the firm’s price target on Extreme Networks (EXTR) to $28 from $26 and keeps a Buy rating on the shares. Extreme Networks reported strong Q3 results with revenue and EPS ahead of expectations, marking its fifth consecutive quarter of double-digit revenue growth supported by continued SaaS momentum, expanding recurring revenue, and improving profitability, the analyst tells investors in a research note. Management also provided an above-consensus q4 outlook, highlighted steady cloud subscription growth, and emphasized ongoing progress in higher-margin recurring revenue initiatives such as Platform One, alongside continued share buybacks and longer-term margin expansion potential driven by cloud and AI networking adoption, the firm says.