Craig-Hallum raised the firm’s price target on Extreme Networks (EXTR) to $22.50 from $17 and keeps a Buy rating on the shares. The firm notes Extreme reported solid results as the company is seeing a gradual improvement in customer demand, as expected, following significant supply chain disruptions driven by COVID-related order levels and the corresponding digestion period. With an outlook for continued improvement from here, Craig-Hallum believes the company is well positioned.
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Read More on EXTR:
- Extreme Networks price target raised to $21 from $18 at B. Riley
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