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Harmonic (HLIT) Stock Forecast, Price Target & Predictions

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HLIT Stock Forecast

Harmonic stock forecast is as follows: an average price target of $14.25 (represents a 6.98% upside from HLIT’s last price of $13.32) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

HLIT Price Target

The average price target for Harmonic (HLIT) is $14.25 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $12.50. This represents a potential 6.98% upside from HLIT's last price of $13.32.

HLIT Analyst Ratings

Buy

According to 11 Wall Street analysts, Harmonic's rating consensus is 'Buy'. The analyst rating breakdown for HLIT stock is 0 'Strong Buy' (0.00%), 5 'Buy' (45.45%), 5 'Hold' (45.45%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).

Harmonic Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024George NotterJefferies$12.50$10.9614.05%-6.16%
Oct 29, 2024Steve FrankelRosenblatt Securities$16.00$14.827.96%20.12%
Apr 30, 2024Steve FrankelRosenblatt Securities$18.00$10.7467.60%35.14%
Aug 01, 2023Ryan KoontzNeedham$20.00$11.6371.97%50.15%
Jan 31, 2023Ryan KoontzNeedham$19.00$13.1744.27%42.64%
Sep 16, 2022Ryan KoontzNeedham$17.00$11.8243.82%27.63%
Sep 16, 2022Needham$17.00$11.2051.79%27.63%
Aug 02, 2022Rosenblatt Securities$17.00$10.8556.68%27.63%
Aug 02, 2022Needham$15.00$10.8538.25%12.61%
May 03, 2022Barclays$13.00$9.7433.47%-2.40%

The latest Harmonic stock forecast, released on Oct 29, 2024 by George Notter from Jefferies, set a price target of $12.50, which represents a 14.05% increase from the stock price at the time of the forecast ($10.96), and a -6.16% decrease from HLIT last price ($13.32).

Harmonic Price Target by Period

1M3M12M
# Anlaysts-23
Avg Price Target-$14.25$15.50
Last Closing Price$13.32$13.32$13.32
Upside/Downside-100.00%6.98%16.37%

In the current month, the average price target of Harmonic stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Harmonic's last price of $13.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024JefferiesHoldNegativeDowngrade
Oct 29, 2024JefferiesBuyHoldDowngrade
Oct 29, 2024Raymond JamesBuyOutperformDowngrade
Oct 15, 2024Rosenblatt SecuritiesBuyBuyHold
Jul 30, 2024BarclaysOverweightOverweightHold
Jul 18, 2024NeedhamBuyBuyHold
Jun 17, 2024NeedhamBuyBuyHold
Apr 17, 2024Raymond JamesBuyBuyHold
Jan 30, 2024Raymond JamesBuyBuyHold
Jan 30, 2024Raymond JamesStrong BuyStrong BuyHold
Jan 30, 2024NeedhamUnderperformUnderperformHold
Dec 29, 2023NeedhamUnderperformUnderperformHold
Dec 29, 2023Raymond JamesBuyBuyHold
Dec 14, 2023Raymond JamesStrong BuyStrong BuyHold
Aug 10, 2023Piper SandlerNeutralDowngrade
Aug 10, 2023B. Riley SecuritiesNeutralDowngrade
Aug 10, 2023Morgan StanleyOverweightUpgrade
Aug 10, 2023William BlairMarket PerformDowngrade
Aug 10, 2023OppenheimerPerformDowngrade
Aug 10, 2023Raymond JamesOutperformMarket PerformDowngrade
Aug 10, 2023RBC CapitalSector PerformDowngrade
Aug 10, 2023Raymond JamesOutperformStrong BuyUpgrade
Mar 21, 2023NeedhamBuyBuyHold
Jan 31, 2023NeedhamBuyBuyHold
Jan 31, 2023BarclaysOverweightOverweightHold
Jan 31, 2023Raymond JamesOutperformOutperformHold
Jan 09, 2023JefferiesBuyUpgrade
Sep 16, 2022NeedhamBuyBuyHold
Aug 02, 2022NeedhamBuyBuyHold
Apr 26, 2022Zacks Investment ResearchHoldUpgrade

Harmonic's last stock rating was published by Jefferies on Oct 29, 2024. The company Downgrade its HLIT rating from "Hold" to "Negative".

Harmonic Financial Forecast

Harmonic Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$167.09M$127.20M$155.96M$157.65M$164.33M$155.74M$157.45M$147.44M$155.80M$126.32M$113.45M$111.58M$131.53M$94.89M$73.99M$78.42M$122.18M$115.72M
Avg Forecast$233.15M$227.70M$212.85M$194.15M$218.78M$199.93M$160.30M$148.41M$213.56M$188.20M$133.67M$121.70M$158.98M$132.01M$167.52M$157.82M$159.28M$153.27M$150.08M$141.28M$152.72M$118.62M$107.58M$103.30M$126.36M$82.19M$69.92M$85.02M$113.07M$114.84M
High Forecast$254.38M$248.44M$232.24M$211.83M$238.70M$218.14M$174.90M$165.57M$218.03M$191.42M$133.67M$121.70M$161.16M$133.72M$182.78M$172.19M$173.78M$153.27M$150.08M$141.28M$152.72M$118.62M$107.58M$103.30M$126.36M$82.19M$69.92M$85.02M$113.07M$114.84M
Low Forecast$213.44M$208.46M$194.86M$177.74M$200.29M$183.04M$146.75M$134.94M$210.23M$184.98M$133.67M$121.70M$155.21M$131.04M$153.36M$144.48M$145.82M$153.27M$150.08M$141.28M$152.72M$118.62M$107.58M$103.30M$126.36M$82.19M$69.92M$85.02M$113.07M$114.84M
# Analysts111111133111352211112222215881014
Surprise %------------1.05%0.96%0.93%1.00%1.03%1.02%1.05%1.04%1.02%1.06%1.05%1.08%1.04%1.15%1.06%0.92%1.08%1.01%

Harmonic's average Quarter revenue forecast for Mar 24 based on 1 analysts is $121.70M, with a low forecast of $121.70M, and a high forecast of $121.70M. HLIT's average Quarter revenue forecast represents a -27.17% decrease compared to the company's last Quarter revenue of $167.09M (Dec 23).

Harmonic EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111133111352211112222215881014
EBITDA------------$9.63M$-4.45M$12.88M$14.00M$20.50M$14.74M$23.00M$6.88M$18.32M$8.39M$5.10M$739.00K$19.97M$2.11M$-7.26M$-13.82M$11.59M$20.10M
Avg Forecast$14.64M$14.30M$13.36M$12.19M$13.74M$12.55M$10.06M$9.32M$13.41M$11.82M$8.39M$7.60M$9.98M$8.29M$10.52M$6.91M$15.51M$9.91M$9.70M$6.28M$9.87M$7.67M$6.95M$492.67K$8.17M$5.31M$4.52M$-15.21M$7.31M$7.42M
High Forecast$15.97M$15.60M$14.58M$13.30M$14.99M$13.70M$10.98M$10.40M$13.69M$12.02M$8.39M$9.12M$10.12M$8.40M$11.48M$8.29M$18.61M$9.91M$9.70M$7.54M$9.87M$7.67M$6.95M$591.20K$8.17M$5.31M$4.52M$-12.17M$7.31M$7.42M
Low Forecast$13.40M$13.09M$12.23M$11.16M$12.58M$11.49M$9.21M$8.47M$13.20M$11.61M$8.39M$6.08M$9.74M$8.23M$9.63M$5.53M$12.40M$9.91M$9.70M$5.02M$9.87M$7.67M$6.95M$394.13K$8.17M$5.31M$4.52M$-18.25M$7.31M$7.42M
Surprise %------------0.97%-0.54%1.23%2.03%1.32%1.49%2.37%1.10%1.86%1.09%0.73%1.50%2.45%0.40%-1.61%0.91%1.59%2.71%

1 analysts predict HLIT's average Quarter EBITDA for Mar 24 to be $7.60M, with a high of $9.12M and a low of $6.08M. This is -21.12% lower than Harmonic's previous annual EBITDA (Dec 23) of $9.63M.

Harmonic Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111133111352211112222215881014
Net Income------------$83.84M$-6.50M$1.55M$5.09M$6.13M$8.74M$14.84M$-1.53M$19.86M$1.53M$-2.01M$-6.12M$13.46M$-5.38M$-15.40M$-21.95M$5.57M$11.66M
Avg Forecast$42.47M$39.31M$35.21M$28.75M$38.34M$30.90M$21.71M$17.60M$43.03M$28.66M$4.50M$-2.04M$11.81M$782.42K$15.65M$-1.85M$16.80M$12.50M$10.35M$-1.68M$15.16M$3.64M$-164.38K$-4.08M$17.69M$-5.90M$-15.24M$-24.15M$8.63M$24.54M
High Forecast$47.50M$43.97M$39.38M$32.16M$42.88M$34.56M$24.28M$25.15M$45.36M$32.05M$4.52M$-1.63M$13.00M$875.07K$17.50M$-1.48M$20.16M$12.50M$10.35M$-1.35M$15.16M$3.64M$-164.38K$-3.27M$17.69M$-5.90M$-15.24M$-19.32M$8.63M$24.54M
Low Forecast$37.81M$35.00M$31.34M$25.59M$34.13M$27.51M$19.33M$12.57M$40.71M$25.51M$4.48M$-2.44M$10.63M$696.47K$13.93M$-2.22M$13.44M$12.50M$10.35M$-2.02M$15.16M$3.64M$-164.38K$-4.90M$17.69M$-5.90M$-15.24M$-28.98M$8.63M$24.54M
Surprise %------------7.10%-8.30%0.10%-2.75%0.36%0.70%1.43%0.91%1.31%0.42%12.22%1.50%0.76%0.91%1.01%0.91%0.65%0.48%

Harmonic's average Quarter net income forecast for Mar 24 is $-2.04M, with a range of $-2.44M to $-1.63M. HLIT's average Quarter net income forecast represents a -102.43% decrease compared to the company's last Quarter net income of $83.84M (Dec 23).

Harmonic SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111133111352211112222215881014
SG&A------------$41.98M$39.24M$42.77M$39.28M$36.93M$36.38M$36.77M$36.64M$35.36M$34.23M$33.59M$34.91M$32.62M$28.77M$27.00M$31.22M$30.56M$31.15M
Avg Forecast$64.67M$63.16M$59.04M$53.85M$60.68M$55.45M$44.46M$41.16M$59.23M$52.20M$37.07M$48.77M$44.10M$36.62M$46.46M$44.34M$29.92M$42.51M$41.63M$40.31M$42.36M$32.90M$29.84M$23.27M$35.05M$22.80M$19.39M$35.85M$31.36M$31.85M
High Forecast$70.56M$68.91M$64.41M$58.76M$66.21M$60.51M$48.51M$45.92M$60.47M$53.09M$37.07M$58.53M$44.70M$37.09M$50.70M$53.21M$35.90M$42.51M$41.63M$48.37M$42.36M$32.90M$29.84M$27.93M$35.05M$22.80M$19.39M$43.02M$31.36M$31.85M
Low Forecast$59.20M$57.82M$54.05M$49.30M$55.55M$50.77M$40.70M$37.43M$58.31M$51.31M$37.07M$39.02M$43.05M$36.35M$42.54M$35.47M$23.93M$42.51M$41.63M$32.25M$42.36M$32.90M$29.84M$18.62M$35.05M$22.80M$19.39M$28.68M$31.36M$31.85M
Surprise %------------0.95%1.07%0.92%0.89%1.23%0.86%0.88%0.91%0.83%1.04%1.13%1.50%0.93%1.26%1.39%0.87%0.97%0.98%

Harmonic's average Quarter SG&A projection for Mar 24 is $48.77M, based on 1 Wall Street analysts, with a range of $39.02M to $58.53M. The forecast indicates a 16.17% rise compared to HLIT last annual SG&A of $41.98M (Dec 23).

Harmonic EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111133111352211112222215881014
EPS------------$0.75$-0.06$0.01$0.05$0.06$0.08$0.14$-0.01$0.19$0.01$-0.02$-0.06$0.14$-0.06$-0.16$-0.23$0.06$0.13
Avg Forecast$0.36$0.34$0.30$0.24$0.33$0.26$0.18$0.15$0.37$0.24$0.04$-0.01$0.10$0.01$0.13$0.09$0.15$0.11$0.09$0.04$0.13$0.03$-0.00$0.03$0.15$-0.05$-0.13$-0.05$0.07$0.21
High Forecast$0.40$0.37$0.34$0.27$0.37$0.29$0.21$0.21$0.39$0.27$0.04$-0.01$0.11$0.01$0.15$0.10$0.16$0.11$0.09$0.04$0.13$0.03$-0.00$0.03$0.15$-0.05$-0.13$-0.05$0.07$0.21
Low Forecast$0.32$0.30$0.27$0.22$0.29$0.23$0.16$0.11$0.35$0.22$0.04$-0.01$0.09$0.01$0.12$0.08$0.13$0.11$0.09$0.04$0.13$0.03$-0.00$0.03$0.15$-0.05$-0.13$-0.05$0.07$0.21
Surprise %------------7.45%-8.70%0.08%0.50%0.41%0.74%1.56%-0.36%1.44%0.32%14.00%-1.91%0.91%1.17%1.21%4.47%0.80%0.61%

According to 1 Wall Street analysts, Harmonic's projected average Quarter EPS for Mar 24 is $-0.01, with a low estimate of $-0.01 and a high estimate of $-0.01. This represents a -100.89% decrease compared to HLIT previous annual EPS of $0.75 (Dec 23).

Harmonic Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
KVHIKVH Industries$5.78$13.00124.91%Buy
CLFDClearfield$31.96$48.0050.19%Buy
KNKnowles$19.74$25.0026.65%Buy
AVNWAviat Networks$17.39$20.5017.88%Buy
EXTRExtreme Networks$18.12$21.0015.89%Buy
CMTLComtech Telecommunications$3.18$3.5010.06%Hold
HLITHarmonic$13.22$14.257.79%Buy
DGIIDigi$33.11$32.00-3.35%Buy
JNPRJuniper Networks$37.66$34.00-9.72%Buy
NTGRNETGEAR$25.68$22.00-14.33%Buy
SATSEchoStar$23.04$14.00-39.24%Buy
COMMCommScope Company$5.61$1.50-73.26%Hold

HLIT Forecast FAQ

Is Harmonic a good buy?

Yes, according to 11 Wall Street analysts, Harmonic (HLIT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 45.45% of HLIT's total ratings.

What is HLIT's price target?

Harmonic (HLIT) average price target is $14.25 with a range of $12.5 to $16, implying a 6.98% from its last price of $13.32. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Harmonic stock go up soon?

According to Wall Street analysts' prediction for HLIT stock, the company can go up by 6.98% (from the last price of $13.32 to the average price target of $14.25), up by 20.12% based on the highest stock price target, and down by -6.16% based on the lowest stock price target.

Can Harmonic stock reach $20?

HLIT's average twelve months analyst stock price target of $14.25 does not support the claim that Harmonic can reach $20 in the near future.

What are Harmonic's analysts' financial forecasts?

Harmonic's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $727.42M (high $797.31M, low $665.01M), average EBITDA is $45.67M (high $50.06M, low $41.75M), average net income is $108.56M (high $126.87M, low $93.53M), average SG&A $201.76M (high $221.15M, low $184.45M), and average EPS is $0.925 (high $1.08, low $0.797). HLIT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $867.85M (high $946.89M, low $794.5M), average EBITDA is $54.49M (high $59.45M, low $49.88M), average net income is $145.75M (high $163M, low $129.73M), average SG&A $240.71M (high $262.64M, low $220.37M), and average EPS is $1.24 (high $1.39, low $1.11).

Did the HLIT's actual financial results beat the analysts' financial forecasts?

Based on Harmonic's last annual report (Dec 2023), the company's revenue was $607.91M, which missed the average analysts forecast of $616.33M by -1.37%. Apple's EBITDA was $22.17M, missing the average prediction of $35.7M by -37.89%. The company's net income was $83.99M, beating the average estimation of $26.39M by 218.23%. Apple's SG&A was $163.28M, missing the average forecast of $171.51M by -4.80%. Lastly, the company's EPS was $0.75, beating the average prediction of $0.332 by 125.68%. In terms of the last quarterly report (Dec 2023), Harmonic's revenue was $167.09M, beating the average analysts' forecast of $158.98M by 5.10%. The company's EBITDA was $9.63M, missing the average prediction of $9.98M by -3.49%. Harmonic's net income was $83.84M, beating the average estimation of $11.81M by 609.65%. The company's SG&A was $41.98M, missing the average forecast of $44.1M by -4.79%. Lastly, the company's EPS was $0.75, beating the average prediction of $0.101 by 645.01%