Roth Capital has lifted its price target on Calix (CALX, Financial) from $48 to $50, citing exceptional first-quarter results that signal a recovery in demand prior to the Broadband Equity, Access, and Deployment (BEAD) Program. Maintaining a Buy rating on the stock, Roth sees Calix as a strong investment opportunity.
The firm's analysis highlights the company's strategic advantage in the growing market for essential broadband services. Following a period marked by inventory reductions and pauses due to BEAD, the market is perceived to have stabilized. With broadband and value-added services yielding substantial returns, Calix is poised to capitalize on renewed growth prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Calix Inc (CALX, Financial) is $49.40 with a high estimate of $53.00 and a low estimate of $45.00. The average target implies an upside of 34.79% from the current price of $36.65. More detailed estimate data can be found on the Calix Inc (CALX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Calix Inc's (CALX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Calix Inc (CALX, Financial) in one year is $43.26, suggesting a upside of 18.04% from the current price of $36.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Calix Inc (CALX) Summary page.
