JPMorgan Notes Improving Spending Environment for Calix (CALX) Among Broadband Service Providers

Calix Inc. (NYSE:CALX) is one of the best mid-cap growth stocks to buy right now. On January 15, JPMorgan upgraded Calix to Overweight from Neutral and raised its price target to $90 from $75. This decision was made following an improving spending environment among broadband service providers.

The firm highlighted that Calix is well-positioned to benefit from the Broadband Equity and Access Deployment program in unserved and underserved US regions over the medium term. The firm noted that Calix stands out from other equipment providers due to its commitment to improving service levels. Additionally, JPMorgan placed the stock on a Positive Catalyst Watch ahead of its January 28 Q4 2025 earnings report and February 24 investor day.

Calix Inc. (NYSE:CALX) has invested $2 billion over 15 years into its platform and is now accelerating AI development through a strategic partnership with Google Cloud. This third-generation platform aims to simplify operations and drive international expansion, with a monetization strategy that includes direct charges for agentic AI and tools designed to help customers grow their subscriber bases.

Calix Inc. (NYSE:CALX), together with its subsidiaries, provides cloud & software platforms, systems, and services in the US, the rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

While we acknowledge the potential of CALX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.