Oppenheimer Adjusts PT on Extreme Networks to $35 From $25, Maintains Outperform Rating

Oppenheimer has increased its price target for Extreme Networks (EXTR) to $35 from $25, while reaffirming an Outperform rating on the stock. This adjustment comes shortly after B. Riley also raised its price target for Extreme Networks to $34 from $28, maintaining a Buy rating. The company recently reported its fiscal Q4 non-GAAP earnings and revenue rose, despite a 15% dip in shares post-announcement, and provided earnings guidance for the upcoming quarters.