In a recent update, analyst Steve Frankel from Rosenblatt has maintained a 'Buy' rating for Harmonic. The stock ticker for Harmonic is HLIT. This decision marks a continued confidence in Harmonic's market performance and future potential.
Rosenblatt has also upheld its price target for HLIT at USD 11.00, which remains unchanged from the prior evaluation. The consistency in price target suggests a stable outlook for Harmonic, reflecting the company's current and expected operational outcomes.
This reaffirmation comes as part of Rosenblatt's regular assessment and provides a clear signal to investors regarding the analyst's expectations for HLIT, reinforcing its position as a buy-worthy investment at this juncture.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Harmonic Inc (HLIT, Financial) is $11.58 with a high estimate of $14.00 and a low estimate of $10.00. The average target implies an upside of 30.00% from the current price of $8.91. More detailed estimate data can be found on the Harmonic Inc (HLIT) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Harmonic Inc's (HLIT, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Harmonic Inc (HLIT, Financial) in one year is $13.49, suggesting a upside of 51.4% from the current price of $8.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Harmonic Inc (HLIT) Summary page.
