Extreme Networks, Inc. shares are trading higher after Oppenheimer initiated coverage on the stock with an Outperform rating and $35 price target.
Portfolio Pulse from Bill Haddad
Oppenheimer has initiated coverage on Extreme Networks, Inc. with an Outperform rating and a price target of $35. This has led to a rise in the trading of Extreme Networks' shares.
June 28, 2023 | 11:50 am
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Extreme Networks' shares are trading higher following Oppenheimer's initiation of coverage with an Outperform rating and a $35 price target.
The initiation of coverage by a major financial institution like Oppenheimer often leads to increased investor interest and trading volume. The Outperform rating and the $35 price target suggest that Oppenheimer sees potential for the stock's price to increase, which is likely driving the higher trading and could lead to a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100