Calix (CALX – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham maintained a Buy rating on the stock and has a $53.00 price target.
Ryan Koontz has given his Buy rating due to a combination of factors including the anticipated sustained momentum in Calix’s up-market and RPO (Remaining Performance Obligations). The company’s leadership expressed confidence in reigniting growth through private equity broadband funding and an increasing demand from medium to large customer segments.
Additionally, as the 2025 build season approaches, Calix is expected to capitalize on a largely untapped Total Addressable Market (TAM) by monetizing its software offerings. The company has been experiencing over 30% year-over-year growth in RPO, which management believes is sustainable due to a focused sales strategy. Recent successes with private equity-backed Tier 2 operators further indicate a positive trend in market share expansion and potential revenue growth.
According to TipRanks, Koontz is an analyst with an average return of -2.6% and a 40.59% success rate. Koontz covers the Technology sector, focusing on stocks such as Ceragon Networks, Ciena, and Gilat.