Calix price target raised to $82 from $70 at Needham

Needham raised the firm’s price target on Calix (CALX) to $82 from $70 and keeps a Buy rating on the shares. The company reported “very strong” Q3 results and guided Q4 well above consensus, the analyst tells investors in a research note. Needham points out that Calix sees a unique opportunity to invest in new Google-based agentic artificial intelligence offerings which no competitor can match. . The start of Broadband Equity, Access, and Deployment projects in fiscal 2026 should “deliver further footprint gains” and position Calix for “accelerating up-sell for many years,” contends Needham. The firm remains bullish on the shares.