Rosenblatt Reaffirms Buy Rating for Harmonic Inc.
Rosenblatt maintains its buy rating on Harmonic Inc. with a $20 price target, a 34.68% upside from the current price.
Key Points
- Rosenblatt reiterated its buy rating on Harmonic Inc. (HLIT) with a price target of $20 on June 15, 2026.
- Rosenblatt's $20 price target implies 34.68% upside from Harmonic Inc.'s ($HLIT) current $14.85 share price.
- Harmonic Inc.'s stock trades near $14.93, with a market cap of about $1.62 billion and a 52-week range between $7.80 and $17.68.
- Peer funds like BlackRock and Vanguard have made notable changes in their holdings of Harmonic Inc. shares.
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Rosenblatt reiterated its buy rating for Harmonic Inc. (NasdaqGS: HLIT) on June 15, 2026. Analyst Steve Frankel maintained the price target at $20. The stock is currently trading around $14.93.
Other Institutional Activity in Harmonic Inc.
BlackRock, Inc. reduced its holdings slightly by 79,504 shares, ending with 19,165,249 shares valued at approximately $172.1 million. Vanguard Portfolio Management LLC added a significant number of shares, now holding 6,134,553 shares worth about $55.1 million. State Street Corp also increased its position by 389,765 shares, bringing its total to 4,860,952 shares valued at $43.7 million. Dimensional Fund Advisors LP added 188,293 shares, resulting in 3,673,398 shares worth nearly $32.9 million.
Harmonic Inc. Stock Up 23.5%
Shares of NasdaqGS:HLIT are trading near $14.93. Harmonic Inc. has a market cap of approximately $1.62 billion, with a P/E ratio of 186.63 and a forward P/E of 19.21. The stock's beta is 1.31, indicating moderate volatility. The 52-week range is between $7.80 and $17.68, with a 50-day moving average of $12.32 and a 200-day moving average of $10.57. The company maintains a current ratio of 2.27 and a debt-to-equity ratio of 36.90.
$HLIT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Harmonic Inc. reported revenue of $397.34 million, reflecting a growth of 43.4%. Despite this growth, the company posted a net margin of -10.56% and a return on equity of 2.12%. Earnings per share were $0.08. The company is set to release its next earnings report on July 27, 2026.
Insider Buying and Selling at Harmonic Inc.
On June 1, 2026, Neven Haltmayer, SVP & GM of Video Business, bought 2,725 shares. On the same day, he sold 1,452 shares at an average price of $15.81 and another 2,725 shares without a price disclosed. On May 22, 2026, CFO Walter Jankovic purchased 6,645 shares and sold 3,335 shares at $15.20, along with another 6,645 shares without a disclosed price.
Analysts Set New Price Targets
On June 15, 2026, Rosenblatt maintained its buy rating with a $20 price target. Needham also maintained a buy rating on May 12, 2026, with an $18 target, while Barclays held a neutral stance with a $15 target. The consensus among analysts is a buy recommendation, with an average target price of $15.29 based on seven opinions.
About Harmonic Inc.
Harmonic Inc., headquartered in San Jose, California, provides broadband access solutions worldwide. The company offers software-based solutions for broadband operators, including cloud-native software and various hardware products like DAA nodes and OLT modules. Harmonic also provides technical support and professional services. Led by CEO Nimrod Ben-Natan, Harmonic serves the technology sector, specifically focusing on communication equipment, with a workforce of 521 employees.
Bottom Line
Rosenblatt's reaffirmation of a buy rating for Harmonic Inc. with a $20 target highlights confidence in the company's future prospects. Investors often track such analyst ratings to gauge market sentiment. As always, remember that 13F filings and analyst reports are backward-looking and may not reflect current market conditions.
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