Analyst Ryan Koontz from Needham maintained a Buy rating on Harmonic and keeping the price target at $15.00.
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Ryan Koontz has given his Buy rating due to a combination of factors that suggest a promising future for Harmonic. The company’s leadership in the industry remains strong and stable, which is a significant positive indicator for investors.
Furthermore, discussions with key company figures, such as CFO Walter Jankovic and IR David Hanover, highlighted important customer and product developments. These developments, including Comcast’s deployment of D4 and Charter’s adoption of D3.1, are expected to lead to improved results for the Broadband Business Unit by 2026. Additionally, management is optimistic about profitability enhancements in the Video Business Unit, making the stock’s outlook for 2026 particularly appealing.
In another report released on November 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $10.00 price target.