Harmonic Inc. (HLIT)
NASDAQ: HLIT · Real-Time Price · USD
11.09
-0.49 (-4.23%)
Oct 31, 2024, 4:00 PM EDT - Market closed
Harmonic Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Harmonic stock have an average target of 15.25, with a low estimate of 12.5 and a high estimate of 18. The average target predicts an increase of 37.51% from the current stock price of 11.09.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Harmonic stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $14 → $13 | Strong Buy → Hold | Downgrades | $14 → $13 | +12.71% | Oct 29, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $18 → $16 | Strong Buy | Maintains | $18 → $16 | +44.27% | Oct 29, 2024 |
| Barclays | Barclays | Buy Maintains $20 → $17 | Buy | Maintains | $20 → $17 | +53.29% | Oct 29, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $16 → $14 | Buy | Maintains | $16 → $14 | +26.24% | Oct 29, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $17 → $14 | Strong Buy → Buy | Downgrades | $17 → $14 | +26.24% | Oct 29, 2024 |
Financial Forecast
Revenue This Year
676.61M
from 607.91M
Increased by 11.30%
Revenue Next Year
837.55M
from 676.61M
Increased by 23.79%
EPS This Year
0.66
from 0.72
Decreased by -8.39%
EPS Next Year
1.09
from 0.66
Increased by 64.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 707.9M | 898.1M | 1.1B |
| Avg | 676.6M | 837.6M | 1.0B |
| Low | 620.0M | 746.4M | 995.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.5% | 32.7% | 27.4% |
| Avg | 11.3% | 23.8% | 23.7% |
| Low | 2.0% | 10.3% | 18.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.70 | 1.25 | 1.63 |
| Avg | 0.66 | 1.09 | 1.58 |
| Low | 0.53 | 0.93 | 1.52 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -2.3% | 89.4% | 49.6% |
| Avg | -8.4% | 64.9% | 45.3% |
| Low | -26.5% | 41.1% | 39.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.