
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic is well positioned to see significant growth in the future, with a strong revenue pipeline and the accelerating deployment of Next Generation Broadband by its key customers. With record bookings of $346.9M in Q4 and a 3.5x Book-to-Bill, the tailwinds have shifted in Harmonic's favor for accelerated revenue growth and margin expansion in the coming years. Additionally, with the recent sale of its Video business and a focus on its core Broadband segment, Harmonic is poised for stronger performance and potential multiple expansion.
Bears say
Harmonic is facing customer concentration risk, with Comcast representing 44% of revenue in 2023 and Charter representing 17% of revenue. While the company's transition to software/SaaS in its Video segment has stabilized the business, any interruption in the growth of this segment could lead to revenue headwinds. Although the stock may seem undervalued with a low EV/EBITDA multiple, the company's ability to meet demand and maintain stability in its Video business will be crucial to driving future growth and expanding its multiple.
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
Start investing in Harmonic (HLIT)
Order type
Buy in
Order amount
Est. shares
0 shares