JPMorgan has adjusted its outlook on Calix (CALX, Financial), reducing the company's price target from $45 to $34. Despite the change, the investment bank maintains a Neutral rating for the shares. This revision comes as JPMorgan updates its assessment of hardware and networking models in light of the current macroeconomic uncertainties, particularly those arising from tariff impacts.
The firm now predicts a broader economic downturn, which is anticipated to dampen demand across various customer segments. The analyst at JPMorgan foresees a decrease in consumption not only from individual consumers but also from enterprises and telecom clients, as the effects of the economic slowdown unfold.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Calix Inc (CALX, Financial) is $50.20 with a high estimate of $55.00 and a low estimate of $45.00. The average target implies an upside of 48.56% from the current price of $33.79. More detailed estimate data can be found on the Calix Inc (CALX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Calix Inc's (CALX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Calix Inc (CALX, Financial) in one year is $43.42, suggesting a upside of 28.5% from the current price of $33.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Calix Inc (CALX) Summary page.
