JPMorgan has revised its price target for Calix (CALX, Financial), increasing it from $34 to $38 while maintaining a Neutral rating for the stock. This adjustment comes after the company reported significantly improved first-quarter results, which surpassed expectations. In addition, Calix provided favorable guidance, prompting the investment firm to update its outlook in a recent research note to investors.
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 $51.00 with a high estimate of $53.00 and a low estimate of $50.00. The average target implies an upside of 35.60% from the current price of $37.61. 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 15.02% from the current price of $37.61. 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.
