Breaking Down Harmonic: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse opinions on Harmonic (NASDAQ:HLIT) with 5 bullish ratings in the past quarter. The average 12-month price target is $18.4, up from the previous $16.33. Analyst actions include maintaining and adjusting price targets, reflecting market conditions and company performance. Harmonic's financials show a revenue decline of -18.32% and below-average profitability metrics. The company's market cap is below industry benchmarks, and it has a conservative debt-to-equity ratio of 0.46.
January 30, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Analysts are bullish on Harmonic with a unanimous 5 bullish ratings and an increased average price target of $18.4. However, the company's financials indicate a revenue decline and below-average profitability metrics.
The unanimous bullish sentiment from analysts and the raised price target suggest a positive short-term impact on HLIT's stock price. However, the negative financial trends could temper the stock's performance, which is why the importance is not at the maximum. The confidence score reflects the clear analyst consensus but also acknowledges the complexity of predicting stock movements based on ratings and financials.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100