Extreme Networks, Inc. (EXTR) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$23.54
Price Target
$26.50
Target Range
$25.00 — $28.00
Analyst Rating
Hold
Forward P/E23.1x
Trailing P/E-417.4x
Forward PEG—
Implied Growth+738.2%
Median Target$26.50
Analyst Spread11.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$25
+6.2%
Consensus
$27
+12.6%
Bull Case
$28
+18.9%
EXTR Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Extreme Networks, Inc. (EXTR) has a Wall Street consensus price target of $26.50, based on estimates from 17 covering analysts. With the stock currently trading at $23.54, this represents a potential upside of +12.6%. The company has a market capitalization of $3.16B.
Analyst price targets range from a low of $25.00 to a high of $28.00, representing a 11% spread in expectations. The median target of $26.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 8 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, EXTR trades at a trailing P/E of -417.4x and forward P/E of 23.1x. Analysts expect EPS to grow +738.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+6.6%
Avg Forward P/E43.8x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ANETArista Networks, Inc. | $185.1B | $147.01 | $186.25 | +26.7% | Buy | 41.5x | 51 |
 CSCOCisco Systems, Inc. | $362.9B | $91.63 | $96.50 | +5.3% | Buy | 22.1x | 73 |
 CIENCiena Corporation | $81.6B | $576.79 | $334.17 | -42.1% | Buy | 93.8x | 41 |
 NTGRNETGEAR, Inc. | $699M | $25.56 | $36.00 | +40.8% | Hold | 127.8x | 17 |
 HPEHewlett Packard Enterprise Company | $40.3B | $30.36 | $28.71 | -5.4% | Hold | 12.6x | 37 |
 COMMCommScope Holding Company, Inc. | $3.9B | $17.82 | $16.57 | -7.0% | Hold | 11.7x | 19 |
 RBBNRibbon Communications Inc. | $471M | $2.68 | $3.50 | +30.6% | Buy | 20.6x | 8 |
 CALXCalix, Inc. | $2.9B | $44.34 | $61.00 | +37.6% | Buy | 25.0x | 21 |
 MRVLMarvell Technology, Inc. | $149.1B | $172.15 | $129.52 | -24.8% | Buy | 44.9x | 72 |
 AVGOBroadcom Inc. | $2.0T | $425.44 | $443.72 | +4.3% | Buy | 37.6x | 58 |
Upside Potential Comparison
NTGRCALXRBBNANETCSCOAVGOHPECOMMSee EXTR's True Return
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Start ComparisonEXTR — Frequently Asked Questions
Quick answers to the most common questions about buying EXTR stock.
What is the EXTR stock price target for 2026?
Extreme Networks, Inc. (EXTR) has a consensus 12-month price target of $26.5, implying 12.6% upside from $23.54. The 17 analysts covering EXTR see moderate appreciation potential.
Is EXTR a buy, sell, or hold?
EXTR has a consensus rating of "Hold" based on 17 Wall Street analysts. The rating breakdown is mixed, with 9 Hold ratings making up the largest segment. The consensus 12-month price target of $26.5 implies 12.6% upside from current levels.
Is EXTR stock overvalued or undervalued?
EXTR trades at a forward P/E of 23.0581x, representing a moderate valuation. With analysts targeting $26.5 (12.6% implied move), the stock appears reasonably valued with upside.
How high can EXTR stock go?
The most bullish Wall Street analyst has a price target of $28 for EXTR, while the most conservative target is $25. The consensus of $26.5 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover EXTR stock?
EXTR is well covered by analysts, with 17 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 9 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the EXTR stock forecast?
The 12-month EXTR stock forecast based on 17 Wall Street analysts shows a consensus price target of $26.5, with estimates ranging from $25 (bear case) to $28 (bull case). The median consensus rating is "Hold".
What is EXTR's forward P/E ratio?
EXTR trades at a forward P/E ratio of 23.1x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy EXTR stock?
Wall Street analysts are optimistic on EXTR, with a "Hold" consensus rating and $26.5 price target (12.6% upside). 8 of 17 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do EXTR price targets vary so much?
EXTR analyst price targets range from $25 to $28, a 11% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $26.5 consensus represents the middle ground.