Rosenblatt Securities has revised its outlook for Extreme Networks (EXTR, Financial), reducing the company's price target to $18 from a previous $22, while maintaining a Buy rating on the stock. The firm's assessment highlights an expectation of "generally solid" results for the optical sector in the upcoming March quarter. However, there is growing concern about the broader economic environment, which may negatively impact gross margins.
The firm points to the challenges posed by increased tariffs and a broader macroeconomic slowdown, factors expected to exert pressure as 2025 progresses, potentially affecting prices and overall business confidence. Consequently, Rosenblatt has adjusted its price targets for companies under its coverage by an average of 19%, reflecting these anticipated challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Extreme Networks Inc (EXTR, Financial) is $19.83 with a high estimate of $22.50 and a low estimate of $16.00. The average target implies an upside of 78.52% from the current price of $11.11. More detailed estimate data can be found on the Extreme Networks Inc (EXTR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Extreme Networks Inc's (EXTR, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Extreme Networks Inc (EXTR, Financial) in one year is $15.72, suggesting a upside of 41.49% from the current price of $11.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Extreme Networks Inc (EXTR) Summary page.
