Rosenblatt Maintains Buy on Extreme Networks, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a 'Buy' rating on Extreme Networks (NASDAQ:EXTR), but has lowered the price target from $35 to $28.
October 31, 2023 | 12:02 pm
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NEUTRAL IMPACT
Extreme Networks' price target has been lowered from $35 to $28 by Rosenblatt, though the 'Buy' rating is maintained.
The news directly pertains to Extreme Networks (EXTR). The lowering of the price target may indicate a potential decrease in the stock's value, but the maintained 'Buy' rating suggests that the analyst still sees potential for growth. This could lead to mixed market reactions, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100