In classical field theory, the on-shell dynamical field variables $\bar{q}$ give a minimum value of the action: $$A=\int dt ~L(\bar{q}(t),\dot{\bar{q}}(t)).$$
In this case, the action is actually a real number, so it makes good sense for it to have some extremal value.
What is the meaning of "extremal" in canonical Quantum Field Theory where the action, $$A=\int d^{4}x ~\mathcal{L}(\bar{\phi}(x),\partial_{\mu}{\bar{\phi}}(x))$$ is instead, an operator?