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Harmonic (HLIT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

HLIT Stock Forecast

Harmonic (HLIT) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $14.25, with a high of $16.00 and a low of $12.50. This represents a 25.11% increase from the last price of $11.39.

$10 $11 $12 $13 $14 $15 $16 High: $16 Avg: $14.25 Low: $12.5 Last Closed Price: $11.39

HLIT Stock Rating

Harmonic stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (45.45%), 5 Hold (45.45%), 1 Sell (9.09%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 1 5 5 Strong Sell Sell Hold Buy Strong Buy

HLIT Forecast vs Benchmarks

TypeNameUpside
StockHarmonic25.11%
SectorTechnology Stocks 13.03%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$15.50
Last Closing Price$11.39$11.39$11.39
Upside/Downside--36.08%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25322--7
Dec, 24341--8
Nov, 243421-10
Oct, 242421-9
Sep, 242421-9
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024George NotterJefferies$12.50$10.9614.05%9.75%
Oct 29, 2024Steve FrankelRosenblatt Securities$16.00$14.827.96%40.47%
Apr 30, 2024Steve FrankelRosenblatt Securities$18.00$10.7467.60%58.03%
Aug 01, 2023Ryan KoontzNeedham$20.00$11.6371.97%75.59%
Jan 31, 2023Ryan KoontzNeedham$19.00$13.1744.27%66.81%
Sep 16, 2022Ryan KoontzNeedham$17.00$11.8243.82%49.25%
Sep 16, 2022Needham$17.00$11.2051.79%49.25%
Aug 02, 2022Rosenblatt Securities$17.00$10.8556.68%49.25%
Aug 02, 2022Needham$15.00$10.8538.25%31.69%
May 03, 2022Barclays$13.00$9.7433.47%14.14%
Latest Upgrade/Downgrade by Analysts
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

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$-0.30$0.13$0.27$0.75---
Avg Forecast$0.02$0.31$0.52$0.34$0.71$0.87$1.31
High Forecast$0.02$0.29$0.50$0.33$0.69$0.76$1.25
Low Forecast$0.02$0.33$0.54$0.35$0.73$1.00$1.38
Surprise %-1600.00%-58.06%-48.08%120.59%---

Revenue Forecast

$350M $470M $590M $710M $830M $950M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$378.83M$507.15M$624.96M$607.91M---
Avg Forecast$373.63M$504.11M$619.90M$599.84M$670.15M$727.40M$867.80M
High Forecast$353.32M$476.71M$603.08M$596.05M$666.82M$697.88M$834.70M
Low Forecast$387.07M$522.24M$636.10M$602.04M$674.62M$757.22M$900.27M
Surprise %1.39%0.60%0.82%1.34%---

Net Income Forecast

$-100M $-40M $20M $80M $140M $200M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$-29.27M$13.25M$28.18M$83.99M---
Avg Forecast$-49.09M$11.94M$32.11M$83.99M$84.94M$89.57M$154.06M
High Forecast$-62.50M$6.29M$25.02M$65.53M$80.52M$88.80M$146.49M
Low Forecast$-35.68M$17.59M$39.21M$102.46M$85.19M$117.22M$161.63M
Surprise %-40.37%10.98%-12.24%----

HLIT Forecast FAQ

Is Harmonic stock a buy?

Harmonic stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 Buy, 5 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Harmonic is a favorable investment for most analysts.

What is Harmonic's price target?

Harmonic's price target, set by 11 Wall Street analysts, averages $14.25 over the next 12 months. The price target range spans from $12.5 at the low end to $16 at the high end, suggesting a potential 25.11% change from the previous close price of $11.39.

How does Harmonic stock forecast compare to the average forecast of its sector, industry, and investment themes?

Harmonic stock forecast shows a 25.11% upside, outperforming the average forecast for the technology stocks sector (13.03%).

What is the breakdown of analyst ratings for Harmonic over the past three months?

  • January 2025: 42.86% Strong Buy, 28.57% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 37.50% Strong Buy, 50.00% Buy, 12.50% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 30.00% Strong Buy, 40.00% Buy, 20.00% Hold, 10.00% Sell, 0% Strong Sell.

What is Harmonic’s EPS forecast?

Harmonic's average annual EPS forecast for its fiscal year ending in December is 0.71 for 2024, a -5.33% decrease from the reported $0.75 in 2023. The prediction for 2025 is $0.87, and $1.31 for 2026.

What is Harmonic’s revenue forecast?

Harmonic's average annual revenue forecast for its fiscal year ending in December is $670.15M for 2024, a 10.24% increase from the reported $607.91M in 2023. The forecast for 2025 is $727.4M, and $867.8M for 2026.

What is Harmonic’s net income forecast?

For its fiscal year ending in December, Harmonic's average annual net income forecast is $84.94M for 2024, reflecting an 1.12% increase from the reported $83.99M in 2023. The projection for 2025 is $89.57M, and $154.06M for 2026.