Craig-Hallum analyst Christian Schwab raised the firm’s price target on Calix to $48 from $42 and keeps a Buy rating on the shares. The firm believes the company is positioned to enter 2025 in a much stronger position with much greater clarity on BEAD awards and an acceleration of new programs. Craig-Hallum would use weakness in the stock as a buying opportunity as it thinks it is not a matter if, but a matter of when revenue growth begins to get back on track with the company’s 10%-15% CAGR target.
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