Needham Reiterates Buy on Harmonic, Maintains $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz has reiterated a Buy rating on Harmonic (NASDAQ:HLIT) and maintained the price target of $18 for the company's stock.

December 20, 2023 | 11:39 am
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Needham analyst Ryan Koontz reiterates a Buy rating on Harmonic and maintains a price target of $18, indicating a positive outlook for the stock.
The reiteration of a Buy rating by a respected analyst typically instills confidence in current and potential investors, suggesting a positive short-term impact on the stock price. The maintained price target of $18 signals the analyst's belief that the stock has the potential to reach or exceed this level, which is likely to be viewed favorably by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100