Nov. 19 at 12:08 PM
BofA Securities has given
$EXTR a buy rating with a price target of
$24.00, representing approximately 44% upside potential from current levels. The stock is currently trading at
$16.76, down 8.43% over the past week but still up 8.5% over the past year.
BofA emphasizes that the upcoming WiFi-7 upgrade cycle, campus network renewal and modernization plans, and the increasing adoption of cloud and SaaS infrastructure products are key drivers that could push
$EXTR to outperform current market expectations.
The
$24 price target is based on a projected 2027 calendar year price-to-earnings ratio of approximately 17x, a slight discount to the networking peers' average of 18x