Analysts Forecast 32.4% Upside for Extreme Networks Based on $23.38 Average Target
Extreme Networks shares rose 23.8% over the past four weeks, and analysts' mean price target of $23.38 implies a 32.4% upside based on eight estimates ranging $17.00 to $26.00 (standard deviation $2.97). Earnings estimate revisions boosted the consensus by 2.2%, securing a Zacks Rank #2.
1. Recent Stock Performance and Analyst Targets
Over the past month, Extreme Networks shares have climbed 23.8%. Eight short-term analyst price targets average $23.38, implying a 32.4% upside from current levels, with estimates spanning $17.00 to $26.00 and a standard deviation of $2.97, reflecting the degree of agreement.
2. Upward Earnings Revisions and Zacks Ranking
Analysts have raised the consensus EPS estimate by 2.2% over the last 30 days, contributing to Extreme Networks earning a Zacks Rank #2 (Buy). This ranking places the stock in the top 20% of over 4,000 ranked names based on earnings estimate trends.