Wall Street Analysts See a 25.78% Upside in Extreme Networks (EXTR): Can the Stock Really Move This High?

Core Viewpoint - Extreme Networks (EXTR) has seen a 6.3% increase in share price over the past four weeks, closing at $16.10, with a potential upside of 25.8$20.25 [1][9] Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $2.60, indicating variability among analysts [2] - The lowest estimate is$16.50, suggesting a 2.5% increase, while the highest estimate is $22.50, indicating a potential surge of 39.8% [2] - A low standard deviation signifies a high degree of agreement among analysts regarding the stock's price movement direction [7] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism about EXTR's earnings prospects, with a strong consensus on higher EPS estimates, which correlates with potential stock price increases [9][10] - The Zacks Consensus Estimate for the current year has risen by 5.9% over the past month, with two estimates increasing and no negative revisions [10] - EXTR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11]