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 $15.38 (represents a 27.32% upside from HLIT’s last price of $12.08) 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 $15.38 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $12.50. This represents a potential 27.32% upside from HLIT's last price of $12.08.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 29, 2024	George Notter	Jefferies	$12.50	$10.96	14.05%	3.48%
Oct 29, 2024	Steve Frankel	Rosenblatt Securities	$16.00	$14.82	7.96%	32.45%
Apr 30, 2024	Steve Frankel	Rosenblatt Securities	$18.00	$10.74	67.60%	49.01%
Aug 01, 2023	Ryan Koontz	Needham	$20.00	$11.63	71.97%	65.56%
Jan 31, 2023	Ryan Koontz	Needham	$19.00	$13.17	44.27%	57.28%
Sep 16, 2022	Ryan Koontz	Needham	$17.00	$11.82	43.82%	40.73%
Sep 16, 2022	-	Needham	$17.00	$11.20	51.79%	40.73%
Aug 02, 2022	-	Rosenblatt Securities	$17.00	$10.85	56.68%	40.73%
Aug 02, 2022	-	Needham	$15.00	$10.85	38.25%	24.17%
May 03, 2022	-	Barclays	$13.00	$9.74	33.47%	7.62%

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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 3.48% increase from HLIT last price ($12.08).

Harmonic Price Target by Period

	1M	3M	12M
# Anlaysts	2	2	3
Avg Price Target	$14.25	$14.25	$15.50
Last Closing Price	$12.08	$12.08	$12.08
Upside/Downside	17.96%	17.96%	28.31%

In the current month, the average price target of Harmonic stock is $14.25, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 17.96% increase as opposed to Harmonic's last price of $12.08. This month's average price target is down 0.00% compared to last quarter, and down -8.06% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 29, 2024	Jefferies	Hold	Negative	Downgrade
Oct 29, 2024	Jefferies	Buy	Hold	Downgrade
Oct 29, 2024	Raymond James	Buy	Outperform	Downgrade
Oct 15, 2024	Rosenblatt Securities	Buy	Buy	Hold
Jul 30, 2024	Barclays	Overweight	Overweight	Hold
Jul 18, 2024	Needham	Buy	Buy	Hold
Jun 17, 2024	Needham	Buy	Buy	Hold
Apr 17, 2024	Raymond James	Buy	Buy	Hold
Jan 30, 2024	Raymond James	Buy	Buy	Hold
Jan 30, 2024	Raymond James	Strong Buy	Strong Buy	Hold

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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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 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	$249.62M	$243.79M	$227.89M	$207.87M	$234.24M	$214.06M	$171.63M	$165.57M	$218.03M	$191.42M	$133.67M	$121.70M	$161.16M	$133.72M	$179.36M	$168.97M	$170.54M	$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	$218.11M	$213.02M	$199.13M	$181.63M	$204.67M	$187.04M	$149.97M	$134.94M	$210.23M	$184.98M	$133.67M	$121.70M	$155.21M	$131.04M	$156.72M	$147.65M	$149.01M	$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
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	2	2	1	1	1	1	2	2	2	2	2	15	8	8	10	14
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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	2	2	1	1	1	1	2	2	2	2	2	15	8	8	10	14
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	$15.18M	$14.82M	$13.86M	$12.64M	$14.24M	$13.02M	$10.44M	$9.66M	$13.90M	$12.25M	$8.70M	$7.60M	$10.35M	$8.59M	$10.91M	$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	$16.25M	$15.87M	$14.84M	$13.53M	$15.25M	$13.94M	$11.17M	$10.78M	$14.19M	$12.46M	$8.70M	$9.12M	$10.49M	$8.71M	$11.68M	$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	$14.20M	$13.87M	$12.96M	$11.82M	$13.32M	$12.18M	$9.76M	$8.78M	$13.69M	$12.04M	$8.70M	$6.08M	$10.10M	$8.53M	$10.20M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	0.93%	-0.52%	1.18%	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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	2	2	1	1	1	1	2	2	2	2	2	15	8	8	10	14
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	$46.37M	$42.93M	$38.44M	$31.39M	$41.86M	$33.74M	$23.71M	$25.15M	$45.36M	$31.29M	$4.52M	$-1.63M	$13.00M	$854.32K	$17.08M	$-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	$38.91M	$36.02M	$32.26M	$26.34M	$35.12M	$28.31M	$19.89M	$12.57M	$40.71M	$26.26M	$4.48M	$-2.44M	$10.63M	$716.85K	$14.34M	$-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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	2	2	1	1	1	1	2	2	2	2	2	15	8	8	10	14
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	$69.24M	$67.62M	$63.21M	$57.66M	$64.97M	$59.37M	$47.60M	$45.92M	$60.47M	$53.09M	$37.07M	$58.53M	$44.70M	$37.09M	$49.75M	$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	$60.50M	$59.08M	$55.23M	$50.38M	$56.77M	$51.88M	$41.60M	$37.43M	$58.31M	$51.31M	$37.07M	$39.02M	$43.05M	$36.35M	$43.47M	$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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	2	2	1	1	1	1	2	2	2	2	2	15	8	8	10	14
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	$0.33	$0.27	$0.36	$0.29	$0.20	$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	$0.33	$0.31	$0.27	$0.22	$0.30	$0.24	$0.17	$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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
DZSI	DZS	$0.70	$15.67	2138.57%	Buy
CMTL	Comtech Telecommunications	$3.03	$9.00	197.03%	Hold
AVNW	Aviat Networks	$14.45	$41.00	183.74%	Buy
COMM	CommScope Company	$4.34	$12.30	183.41%	Hold
KVHI	KVH Industries	$5.18	$13.00	150.97%	Buy
CLFD	Clearfield	$29.18	$59.60	104.25%	Buy
KN	Knowles	$18.15	$25.00	37.74%	Buy
DGII	Digi	$31.55	$41.60	31.85%	Buy
EXTR	Extreme Networks	$15.43	$20.00	29.62%	Buy
HLIT	Harmonic	$12.08	$15.38	27.32%	Buy
JNPR	Juniper Networks	$35.66	$35.74	0.22%	Buy
NTGR	NETGEAR	$24.10	$22.00	-8.71%	Buy
SATS	EchoStar	$23.43	$14.13	-39.69%	Buy

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 $15.38 with a range of $12.5 to $20, implying a 27.32% from its last price of $12.08. 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 27.32% (from the last price of $12.08 to the average price target of $15.38), up by 65.56% based on the highest stock price target, and up by 3.48% based on the lowest stock price target.

Can Harmonic stock reach $20?

HLIT's average twelve months analyst stock price target of $15.38 does not support the claim that Harmonic can reach $20 in the near future.

What is Harmonic's current price target trend?

2 Wall Street analysts forecast a $14.25 price target for Harmonic (HLIT) this month, up 17.96% from its last price of $12.08. Compared to the last 3 and 12 months, the average price target increased by 17.96% and increased by 28.31%, respectively.

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 $785.5M, low $676.62M), average EBITDA is $47.35M (high $51.13M, low $44.05M), average net income is $108.56M (high $124.46M, low $95.9M), average SG&A $201.76M (high $217.87M, low $187.67M), and average EPS is $0.925 (high $1.06, low $0.817). HLIT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $867.85M (high $929.19M, low $811.89M), average EBITDA is $56.5M (high $60.49M, low $52.85M), average net income is $145.75M (high $159.14M, low $133.53M), average SG&A $240.71M (high $257.73M, low $225.19M), and average EPS is $1.24 (high $1.36, low $1.14).

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 $36.76M by -39.68%. 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 $10.35M by -6.92%. 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%