Extreme Networks (EXTR) PT Raised to $39 at Rosenblatt

Rosenblatt analyst Mike Genovese raised the price target on Extreme Networks (NASDAQ: EXTR) to $39.00 (from $29.00) while maintaining a Buy rating.

The analyst commented: "We are reiterating our Buy rating on EXTR and increasing the price target to $39, from $29, based on 30x our FY27 EPS estimate. We expect FY27 estimates will likely continue to increase driven by order momentum for Extreme Platform ONE that bundles AI Agents, Cloud management, Security and Services. There are also share gains versus Cisco (CSCO, Buy) and HPE (NR), and strong execution on memory and component procurement and product pricing."

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