Calix, Inc. (CALX) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 21 analysts60.7% Below Target
CALX trades 60.7% below Wall Street's consensus target of $61.00.
Current Price$37.95
Average Target$61.00
Target
Current
Low$60.00
Median$61.00
High$62.00
Analyst Target Range
Forward P/E21.4x
(Fair)
PEG Ratio—
Implied Growth+244.1%
(High Growth)
Analyst Spread3.3%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes CALX achieves its forward estimates and maintains a stable P/E multiple of 21.4x. This scenario reflects the blended consensus of 21 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
CALX Price Target Analysis
Updated June 21, 2026As of June 21, 2026, Calix, Inc. (CALX) has a Wall Street consensus price target of $61.00, based on estimates from 21 covering analysts. With the stock currently trading at $37.95, this represents a potential upside of +60.7%. The company has a market capitalization of $2.45B.
Analyst price targets range from a low of $60.00 to a high of $62.00, representing a 3% spread in expectations. The median target of $61.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 15 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CALX trades at a trailing P/E of 146.0x and forward P/E of 21.4x. Analysts expect EPS to grow +244.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $15.79, with bear and bull scenarios of $9.95 and $20.81 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+4.3%
Industry Consensus
Avg Forward P/E
60.5x
(High Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CIENCiena Corporation | $60.6B | $428.22 | $493.42 | +15.2% | Buy | 65.6x | 42 |
 VIAVViavi Solutions Inc. | $10.9B | $47.17 | $32.25 | -31.6% | Buy | 50.3x | 19 |
 CSCOCisco Systems, Inc. | $471.2B | $119.54 | $123.30 | +3.1% | Buy | 28.0x | 73 |
 ANETArista Networks, Inc. | $213.6B | $169.67 | $185.45 | +9.3% | Buy | 46.7x | 52 |
 COMMCommScope Holding Company, Inc. | $3.9B | $17.82 | $16.57 | -7.0% | Hold | 11.7x | 19 |
 NTGRNETGEAR, Inc. | $630M | $23.05 | $36.00 | +56.2% | Hold | 115.3x | 17 |
 LITELumentum Holdings Inc. | $60.7B | $850.00 | $985.82 | +16.0% | Buy | 103.7x | 25 |
 COHRCoherent, Inc. | $61.8B | $389.57 | $324.00 | -16.8% | Buy | 71.4x | 30 |
 MRVLMarvell Technology, Inc. | $271.7B | $310.58 | $241.46 | -22.3% | Buy | 76.8x | 73 |
 AVGOBroadcom Inc. | $2.0T | $411.35 | $498.19 | +21.1% | Buy | 35.5x | 58 |
CALX — Frequently Asked Questions
Quick answers to the most common questions about buying CALX stock.
What is the CALX stock price target for 2026?
The consensus Wall Street price target for CALX is $61, representing 60.7% upside from the current price of $37.95. With 21 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is CALX a buy, sell, or hold?
CALX has a consensus rating of "Buy" based on 21 Wall Street analysts. The rating breakdown is predominantly bullish, with 15 Buy/Strong Buy ratings. The consensus 12-month price target of $61 implies 60.7% upside from current levels.
Is CALX stock overvalued or undervalued?
CALX trades at a forward P/E of 21.3526x, representing a moderate valuation. With analysts targeting $61 (60.7% implied move), the stock appears reasonably valued with upside.
How high can CALX stock go?
The most bullish Wall Street analyst has a price target of $62 for CALX, while the most conservative target is $60. The consensus of $61 represents the median expectation. Our quantitative valuation model projects a bull case target of $21 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover CALX stock?
CALX is well covered by analysts, with 21 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 15 have Buy ratings, 5 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the CALX stock forecast?
The 12-month CALX stock forecast based on 21 Wall Street analysts shows a consensus price target of $61, with estimates ranging from $60 (bear case) to $62 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $16, with bear/bull scenarios of $10/$21.
What is CALX's fair value based on fundamentals?
Our quantitative valuation model calculates CALX's fair value at $16 (base case), with a bear case of $10 and bull case of $21. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
What is CALX's forward P/E ratio?
CALX trades at a forward P/E ratio of 21.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 146.0x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy CALX stock?
Wall Street analysts are very optimistic on CALX, with a "Buy" consensus rating and $61 price target (60.7% upside). 15 of 21 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do CALX price targets vary so much?
CALX analyst price targets range from $60 to $62, a 3% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $61 consensus represents the middle ground. Our model's $10-$21 range provides an independent fundamental perspective.
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