Harmonic (NASDAQ:HLIT) Price Target Raised to $18.00 at Needham & Company LLC

Posted by George Bondi on May 12th, 2026

Harmonic (NASDAQ:HLIT – Get Free Report) had its price objective hoisted by equities research analysts at Needham & Company LLC from $17.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s target price suggests a potential upside of 40.30% from the company’s current price.

HLIT has been the subject of a number of other research reports. Northland Securities set a $14.00 target price on shares of Harmonic in a research note on Friday, February 20th. Rosenblatt Securities reiterated a “buy” rating and set a $16.00 target price on shares of Harmonic in a research note on Friday, March 27th. Finally, Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Harmonic presently has an average rating of “Hold” and an average price target of $14.75.

Check Out Our Latest Analysis on Harmonic

Harmonic Stock Performance

Shares of HLIT stock opened at $12.83 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $10.06 and a 200 day moving average price of $10.06. The company has a market cap of $1.39 billion, a P/E ratio of -32.90 and a beta of 1.24. Harmonic has a 12 month low of $7.80 and a 12 month high of $13.09.

Harmonic (NASDAQ:HLIT – Get Free Report) last issued its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The business’s revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Sell-side analysts predict that Harmonic will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Harmonic

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Harmonic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider’s stock valued at $118,907,000 after acquiring an additional 148,281 shares in the last quarter. State Street Corp boosted its stake in Harmonic by 1.8% in the fourth quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock valued at $44,220,000 after acquiring an additional 80,791 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Harmonic by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after buying an additional 188,293 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Harmonic by 2.9% in the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock valued at $24,503,000 after buying an additional 68,921 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Harmonic by 10.8% in the third quarter. Marshall Wace LLP now owns 2,132,625 shares of the communications equipment provider’s stock valued at $21,710,000 after buying an additional 207,476 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

More Harmonic News

Here are the key news stories impacting Harmonic this week:

Positive Sentiment: Harmonic beat first-quarter expectations, reporting earnings of $0.21 per share versus the $0.12 consensus, while revenue of $121.69 million also topped estimates. Harmonic earnings report and transcript
Positive Sentiment: The company raised its outlook, guiding second-quarter EPS to $0.15-$0.19 and FY 2026 EPS to $0.57-$0.67, both above analyst expectations. Harmonic guidance update
Positive Sentiment: Pre-market trading turned sharply higher after the earnings beat and guidance increase, and the stock also reached a new 52-week high, signaling strong investor confidence. Benzinga premarket movers article

About Harmonic

(Get Free Report)

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.