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Extreme Networks upgraded to Buy from Hold at Lake Street

Lake Street upgraded Extreme Networks (EXTR) to Buy from Hold with a price target of $24, up from $15, as Extreme saw continued signs of market recovery in APAC and EMEA in Q4. The firm believes the company has a number of vectors in addition to the launch of Platform ONE and acceleration in SaaS ARR growth to drive revenue and earnings upside in FY26, the analyst tells investors.

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