Wall Street Analysts Predict a 33.83% Upside in Extreme Networks (EXTR): Here's What You Should Know

Group 1 - Extreme Networks (EXTR) has shown a significant price increase of 26.3% over the past four weeks, with a mean price target of $18.75 indicating a potential upside of 33.8$14.01 [1] - The mean estimate consists of six short-term price targets with a standard deviation of $3.31, suggesting variability in analyst predictions; the lowest estimate is$15 (7.1% increase), while the highest is $22.50 (60.6% increase) [2] - Analysts have shown strong agreement in revising earnings estimates higher, which correlates with potential stock price movements, indicating a positive outlook for EXTR [11][12] Group 2 - The Zacks Consensus Estimate for EXTR's current year earnings has increased by 4.9% over the last 30 days, with two estimates moving higher and no negative revisions [12] - EXTR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside in the near term [13] - While price targets can be misleading, the direction implied by the consensus price target for EXTR appears to be a useful guide for potential price movement [10][13]