Harmonic Inc. (HLIT)
NASDAQ: HLIT · IEX Real-Time Price · USD
9.99
-0.04 (-0.40%)
Apr 18, 2024, 4:00 PM EDT - Market closed
Harmonic Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Harmonic stock have an average target of 17.2, with a low estimate of 14 and a high estimate of 20. The average target predicts an increase of 72.17% from the current stock price of 9.99.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Harmonic stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +80.18% | Apr 17, 2024 |
| Needham | Needham | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +80.18% | Apr 9, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $18 → $16 | Strong Buy | Maintains | $18 → $16 | +60.16% | Jan 30, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $19 → $18 | Strong Buy | Maintains | $19 → $18 | +80.18% | Jan 30, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +80.18% | Dec 29, 2023 |
Financial Forecast
Revenue This Year
686.28M
from 607.91M
Increased by 12.89%
Revenue Next Year
863.71M
from 686.28M
Increased by 25.85%
EPS This Year
0.58
from 0.72
Decreased by -19.04%
EPS Next Year
1.02
from 0.58
Increased by 74.25%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 717.2M | 951.8M |
| Avg | 686.3M | 863.7M |
| Low | 632.5M | 748.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 18.0% | 38.7% |
| Avg | 12.9% | 25.9% |
| Low | 4.0% | 9.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.66 | 1.32 |
| Avg | 0.58 | 1.02 |
| Low | 0.44 | 0.77 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -8.1% | 127.0% |
| Avg | -19.0% | 74.2% |
| Low | -38.7% | 32.0% |
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.