Calix Price Targets Cut to $70 and $60 with 13%–32% Upside
Rosenblatt lowered Calix’s price target from $85 to $70, maintaining a Buy rating and flagging an 11.9% share dip as a buying opportunity with potential 32% upside. Craig-Hallum cut its target from $75 to $60 after strong Q4 results and forecasts mid-teen revenue growth in 2026 via the BEAD program.
1. Price Target Reductions
Analysts at Rosenblatt and Craig-Hallum each lowered their price targets on Calix, with Rosenblatt cutting from $85 to $70 and Craig-Hallum reducing from $75 to $60. Both firms maintained Buy ratings, citing a recent share price dip and strong Q4 earnings as justification for their revisions.
2. Growth Catalysts and 2026 Outlook
Outlook for 2026 remains positive, backed by Calix’s multi-year Broadband Equity, Access and Deployment (BEAD) program opportunity. Analysts expect the initiative to drive mid-teens revenue growth next year, supporting upside projections ranging from 13% to 32%.