
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic is our top pick for the back half of the year, with record backlog, growing customer base, and strong demand for their broadband access and video delivery solutions. With their CableOS platform becoming the dominant platform for next-generation broadband, encompassing both DOCSIS and FTTH, we expect continued revenue growth and margin expansion. Despite potential risks such as customer concentration and supply chain issues, Harmonic has a stable base of customers and a growing portfolio of software offerings that make it an attractive investment option.
Bears say
Harmonic is facing potential challenges in its legacy business as its customers are requiring more innovative solutions such as DAA and cOS, leading to a slower upgrade program for its cable network. Although the company has been expanding into new markets such as Tier 2 and Tier 3 telcos, there may be difficulties with integrations and customer concentration. While there are opportunities for growth in FTTH investments by telcos and alternative operators, it may take several years for HLIT to complete its architectural shift and the spending mix shift to increased hardware deployment and competition could limit gross margin expansion. We maintain a negative outlook on the company due to these challenges and raise our Price Target to $18, reflecting an EV/Sales multiple of 3.4x and an EV/EBIT multiple of 16.1x on our respective 2027 estimates.
This aggregate rating is based on analysts' research of Harmonic and is not a guaranteed prediction by Public.com or investment advice.
Harmonic (HLIT) Analyst Forecast & Price Prediction
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