Calix price target raised to $69 from $60 at Roth Capital

Roth Capital raised the firm’s price target on Calix (CALX) to $69 from $60 and keeps a Buy rating on the shares after hosting a meeting with management. The firm left increasingly positive that the commercializing of Calix’s third general platform with agentic artificial intelligence enables significant broadband service provider operating efficiencies and revenue enhancement opportunities. The new product further extends the company’s lead over a “dwindling competitive landscape,” the analyst tells investors in a research note. In addition, Roth believes the Broadband Equity, Access, and Deployment re-awards continue to reinforce the importance of fiber.