Fintel reports that on January 15, 2026, JP Morgan upgraded their outlook for Calix (NYSE:CALX) from Neutral to Overweight.
Analyst Price Forecast Suggests 43.37% Upside
As of January 14, 2026, the average one-year price target for Calix is $78.80/share. The forecasts range from a low of $64.39 to a high of $89.25. The average price target represents an increase of 43.37% from its latest reported closing price of $54.96 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Calix is 1,264MM, an increase of 35.38%. The projected annual non-GAAP EPS is 2.73.
What is the Fund Sentiment?
There are 629 funds or institutions reporting positions in Calix. This is an increase of 5 owner(s) or 0.80% in the last quarter. Average portfolio weight of all funds dedicated to CALX is 0.20%, an increase of 2.36%. Total shares owned by institutions increased in the last three months by 0.40% to 70,625K shares. 
The put/call ratio of CALX is 0.23, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,436K shares representing 5.18% ownership of the company. In its prior filing, the firm reported owning 3,647K shares , representing a decrease of 6.14%. The firm increased its portfolio allocation in CALX by 40.20% over the last quarter.
Millennium Management holds 1,965K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 2,247K shares , representing a decrease of 14.36%. The firm decreased its portfolio allocation in CALX by 10.83% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,878K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 1,933K shares , representing a decrease of 2.97%. The firm increased its portfolio allocation in CALX by 30.04% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,470K shares representing 2.22% ownership of the company. In its prior filing, the firm reported owning 1,582K shares , representing a decrease of 7.59%. The firm increased its portfolio allocation in CALX by 40.83% over the last quarter.
Congress Asset Management holds 1,448K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 1,463K shares , representing a decrease of 1.08%. The firm decreased its portfolio allocation in CALX by 9.75% over the last quarter.
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