Rosenblatt Maintains Buy on Harmonic, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Steve Frankel has maintained a Buy rating on Harmonic (NASDAQ:HLIT) but has reduced the price target from $18 to $16.

January 30, 2024 | 6:21 pm
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Rosenblatt analyst Steve Frankel maintains a Buy rating on Harmonic but lowers the price target from $18 to $16.
The reduction in price target by Rosenblatt could have a mixed impact on Harmonic's stock price. While the Buy rating reaffirms the analyst's positive outlook on the company, the lowered price target may suggest a tempered expectation for the stock's growth potential. Investors may react to the new price target, but the maintained Buy rating could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100