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Netgear price target raised to $29 from $22 at Raymond James

Raymond James raised the firm’s price target on Netgear (NTGR) to $29 from $22 and keeps an Outperform rating on the shares. Netgear’s Q4 results were better than expected for growth and margin, though initial Q1 guidance suggests revenue declines will persist, the analyst tells investors in a research note. Raymond James views 2025 as a transition year, where the business is likely to consume cash as growth accelerates, and potential regulatory action against consumer market share leader TP-Link could accelerate cash usage.

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