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Harmonic Inc has a consensus price target of $15.25 based on the ratings of 6 analysts. The high is $18 issued by Needham on October 29, 2024. The low is $12.5 issued by Jefferies on October 29, 2024. The 3 most-recent analyst ratings were released by Jefferies, Rosenblatt, and Barclays on October 29, 2024, respectively. With an average price target of $15.17 between Jefferies, Rosenblatt, and Barclays, there's an implied 12.01% upside for Harmonic Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Harmonic (NASDAQ:HLIT) was reported by Jefferies on October 29, 2024. The analyst firm set a price target for $12.50 expecting HLIT to fall to within 12 months (a possible -7.68% downside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Harmonic (NASDAQ:HLIT) was provided by Jefferies, and Harmonic downgraded their hold rating.
The last upgrade for Harmonic Inc happened on August 10, 2023 when Raymond James raised their price target to $16. Raymond James previously had an outperform for Harmonic Inc.
The last downgrade for Harmonic Inc happened on October 29, 2024 when Jefferies changed their price target from $14 to $12.5 for Harmonic Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Harmonic, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Harmonic was filed on October 29, 2024 so you should expect the next rating to be made available sometime around October 29, 2025.
While ratings are subjective and will change, the latest Harmonic (HLIT) rating was a downgraded with a price target of $14.00 to $12.50. The current price Harmonic (HLIT) is trading at is $13.54, which is out of the analyst’s predicted range.
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