Wall Street Analysts Believe Calix (CALX) Could Rally 54.83%: Here's is How to Trade

Core Viewpoint - Calix (CALX) shows potential for significant upside, with a mean price target of $82 indicating a 54.8% increase from its current price of $52.96 [1] Price Targets and Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $6, where the lowest estimate is $75.00 (41.6% increase) and the highest is $90.00 (69.9% increase) [2] - A low standard deviation suggests a strong agreement among analysts regarding the stock's price movement [9] Analyst Sentiment and Earnings Estimates - Analysts are optimistic about CALX's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which have increased by 10.1% over the past month [11][12] - CALX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be wise, as analysts' price targets can often be overly optimistic due to business incentives [3][8][10]