Extreme Networks price target raised to $27 from $20 at Lake Street

Lake Street raised the firm’s price target on Extreme Networks to $27 from $20 and keeps a Buy rating on the shares. After having recently hosted Extreme for a series of investor meetings and having discussed the new CFO’s strategy, the multi-year growth outlook, and margin expansion, Lake Street came away “positive on the story” and believing that shares have “further room to run,” the analyst tells investors.