Craig-Hallum Maintains Hold on Extreme Networks, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Christian Schwab maintains a Hold rating on Extreme Networks (EXTR) and lowers the price target from $15 to $13.

May 02, 2024 | 4:57 pm
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Extreme Networks' price target was reduced from $15 to $13 by Craig-Hallum, while maintaining a Hold rating.
The reduction in price target by a reputable analyst firm like Craig-Hallum could lead to a negative short-term sentiment among investors, potentially causing a decrease in stock price. The Hold rating indicates that the firm does not see significant upside or downside from the current price level, but the lowered target suggests a reassessment of the company's future performance potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100