Quick Highlights:
- Harmonic Inc. (HLIT, Financial) achieved Q1 revenue of $133 million, underpinned by a strong Video segment.
- Analysts present a positive outlook with an average price target of $11.75, indicating a potential 26.21% upside.
- The GF Value estimate sees a promising 43.61% rise from the current stock price.
Harmonic Inc. (HLIT) has recently announced its financial results for the first quarter, posting an impressive revenue figure of $133 million. This growth is largely driven by a surge in performance within its Video segment. While the adjusted EBITDA stands robustly at $21 million, and the company's cash reserves are healthy at $149 million even after share repurchases, some challenges loom on the horizon. Harmonic Inc. has projected a dip in broadband revenue for 2025; however, they remain optimistic about resuming growth in 2026.
Wall Street Analysts' Projections
The sentiment among Wall Street analysts is decidedly positive for Harmonic Inc. (HLIT, Financial). Drawing from the one-year price targets ascribed by six analysts, the stock's average target price is pegged at $11.75. This figure suggests a potential upside of 26.21% from its current trading price of $9.31. The highest price estimate reaches $14.00, while the lowest stands at $10.00. For investors looking for more detailed insights, the Harmonic Inc (HLIT) Forecast page offers comprehensive data.
The consensus recommendation from six brokerage firms positions Harmonic Inc. as an "Outperform" with an average brokerage recommendation score of 2.3. Within this rating framework, a score of 1 indicates a Strong Buy, while a 5 signals a Sell.
Understanding GF Value Projections
Delving into the proprietary metrics from GuruFocus, the estimated GF Value for Harmonic Inc. (HLIT, Financial) over the next year is projected at $13.37. This estimation suggests a substantial upside potential of 43.61% from its current price level of $9.31. The GF Value is GuruFocus' calculated fair value, derived from the stock's historical trading multiples, past growth trends, and future business performance expectations. For a deeper dive into these valuations and other core metrics, investors can refer to the Harmonic Inc (HLIT) Summary page.
