What 5 Analyst Ratings Have To Say About Harmonic
Portfolio Pulse from Benzinga Insights
Over the past three months, five analysts have evaluated Harmonic (NASDAQ:HLIT), all maintaining a bullish stance. The average 12-month price target remains at $18.00. Despite a 22.57% decline in revenue growth, Harmonic shows strong net margins and efficient asset use, though it struggles with ROE.
June 17, 2024 | 12:01 pm
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Five analysts have maintained a bullish rating on Harmonic (NASDAQ:HLIT) with a consistent 12-month price target of $18.00. Despite a 22.57% decline in revenue growth, the company shows strong net margins and efficient asset use, though it struggles with ROE.
The unanimous bullish ratings from analysts and a stable price target of $18.00 suggest positive sentiment. However, the 22.57% decline in revenue growth may temper short-term gains. Strong net margins and efficient asset use are positive indicators, but low ROE is a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100