Needham Maintains Buy on Extreme Networks, Lowers Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Extreme Networks (NASDAQ:EXTR) but lowers the price target from $23 to $16.5.
February 01, 2024 | 11:03 am
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Needham maintains a Buy rating on Extreme Networks but lowers the price target from $23 to $16.5.
While the maintenance of a Buy rating by Needham indicates continued confidence in Extreme Networks' fundamentals, the reduction in the price target could signal concerns about near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100