BUZZ-Improved BEAD prospects fuels Northland Capital to upgrade Clearfield to 'outperform'
Northland Capital has upgraded Clearfieldto "outperform" from "market perform," citing improved long-term growth visibility due to BEAD funding progress. The brokerage maintains a price target of $45, with CLFD shares rising 7.3% to $30.07. Northland Capital anticipates a $250 million annual opportunity, expecting Clearfield to capture a majority share. The firm predicts consistent 20%+ growth driven by BEAD and private funding impacts. Currently, 3 out of 4 brokerages rate the stock as "buy" or higher, with a median price target of $44.
Northland Capital upgrades fiber management specialist Clearfield (CLFD.O) to “outperform” from “market perform”; reiterates PT at $45
Shares of CLFD rise about 7.3% to $30.07 in morning trading
Brokerage upgraded CLFD because BEAD funding progress and approvals significantly improve long-term growth visibility, outweighing short-term softness
Northland Capital sees opportunity of $250 million annually where it expects CLFD to capture a majority share, or roughly the same as the $150 million that CLFD reported in FY25
“We believe BEAD and its associated positive impacts on private funding can help drive consistent 20%+ growth,” Northland Capital says
3 of 4 brokerages rate stock “buy” or higher, 1 “hold”; their median PT is $44 - data compiled by LSEG
Including session’s moves, CLFD stock down ~3% YTD
