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Analysts Offer Insights on Technology Companies: Wix (WIX) and Extreme Networks (EXTR)

Tipranks - Thu Jan 29, 1:20PM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Wix (WIXResearch Report) and Extreme Networks (EXTRResearch Report) with bullish sentiments.

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Wix (WIX)

In a report released today, Arjun Bhatia from William Blair maintained a Buy rating on Wix. The company’s shares closed last Wednesday at $93.60.

According to TipRanks.com, Bhatia is a 1-star analyst with an average return of -1.1% and a 40.8% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Zoom Video Communications, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on Wix is a Strong Buy with an average price target of $167.18, which is a 74.0% upside from current levels. In a report issued on January 14, Citi also maintained a Buy rating on the stock with a $150.00 price target.

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Extreme Networks (EXTR)

Needham analyst Ryan Koontz maintained a Buy rating on Extreme Networks today and set a price target of $21.00. The company’s shares closed last Wednesday at $15.07.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 19.9% and a 49.8% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Ceragon Networks. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Extreme Networks with a $24.29 average price target, which is a 56.7% upside from current levels. In a report released yesterday, Craig-Hallum also maintained a Buy rating on the stock.

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