Harmonic price target raised to $15 from $14 at Northland

Northland analyst Tim Savageaux raised the firm’s price target on Harmonic (HLIT) to $15 from $14 and keeps an Outperform rating on the shares following what the firm calls “much better” than expected Q1 results. The firm notes that the company is essentially modeling the balance of calendar year 2026 near Q1 revenue run rates despite another small step up in backlog, stating that it believes “conservatism remains.”