Calix Inc. (CALX) shares surged 11.2% in pre-market trading on Thursday, following positive analyst commentary and price target increases from research firms.
Northland Securities analyst Tim Savageaux reiterated a Buy rating on Calix and raised the price target to $45, citing the company's strong fourth-quarter results and positive outlook for 2025.
Needham & Company also maintained a Buy rating on the stock and lifted the price target to $45, reflecting Calix's promising growth prospects driven by its fiber-optic network products and services.
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