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 an $18 price target.
April 30, 2024 | 9:54 am
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Needham analyst Ryan Koontz reiterated a Buy rating on Harmonic with an $18 price target.
The reiteration of a Buy rating and maintenance of an $18 price target by a reputable analyst like Ryan Koontz from Needham is likely to instill confidence among investors and could positively influence Harmonic's stock price in the short term. Analyst ratings, especially with a Buy recommendation, often lead to increased investor interest and can drive up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100