Clearfield price target raised to $50 from $45 at Roth Capital

Roth Capital raised the firm’s price target on Clearfield (CLFD) to $50 from $45 and keeps a Buy rating on the shares after the company’s beat expectations, driven by Nestor, a European developer and manufacturer of cables. After the company maintained its prior FY25 outlook that implies flattish September sales before slower winter seasonality, the firm lowered its near-term expectations, but maintains its FY26 outlook.