Calix (CALX) Receives Bullish Outlook from Roth Capital
Calix Inc. (CALX) is drawing investor attention following a favorable analysis from Roth Capital's Scott Searle, who assigned a "Buy" rating and reaffirmed a $48 price target on the stock. According to Searle, the company delivered "solid" first-quarter results, proving its ability to exceed market expectations even amid a challenging environment.
Searle emphasized that Calix (CALX) not only posted robust results in Q1 but also offered a second-quarter outlook that exceeded Wall Street forecasts. This optimistic guidance is largely attributed to renewed strength in broadband demand, which is expected to escalate with the rollout of the Broadband Equity, Access, and Deployment (BEAD) initiative. The BEAD program is designed to expand broadband infrastructure and accessibility across underserved regions.
The analyst believes that Calix (CALX) is well-positioned to capitalize on these developments, which boosts confidence in the company’s growth prospects. As broadband technology continues to evolve, Calix (CALX) appears ready to leverage these opportunities for sustained performance.
Price Targets and Ratings
According to a group of five analysts, the average one-year price target for Calix (CALX) stock is $50.20. Projections range from a high of $55.00 to a low of $45.00, representing a potential 50.98% upside from the current share price of $33.25.
In terms of brokerage consensus, six firms have issued ratings on the stock. The average brokerage recommendation is 2.2, corresponding to an "Outperform" classification on a scale where 1 signifies "Strong Buy" and 5 means "Sell."
Fair Value Assessment
Analysts estimate the fair value of Calix (CALX) shares to be $43.26 in one year, implying a potential upside of 30.11% from the current level. This projection is based on historical valuation multiples, previous growth performance, and anticipated business trends.