Needham Maintains Buy on Harmonic, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz maintains a Buy rating on Harmonic (NASDAQ:HLIT) but lowers the price target from $21 to $18.
August 01, 2023 | 10:27 am
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Needham analyst maintains a Buy rating on Harmonic but lowers the price target from $21 to $18.
While the Buy rating is maintained, the lowering of the price target could indicate a potential decrease in the expected future performance of the stock. However, the impact on the stock price in the short term is uncertain as the Buy rating still indicates a positive outlook.
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