Oppenheimer analyst Timothy Horan initiated coverage on Extreme Networks, Inc. (EXTR) with a price target of $35, citing attractive valuation and strong growth potential. Horan believes EXTR is well-positioned as an enterprise Edge Cloud and AI beneficiary and expects solid annual top-line revenue growth in the mid-to-high teens over the next several years. However, he also warns of potential supply chain issues, particularly prolonged semiconductor chip shortages.