Harmonic Stock Target Price and Analyst Consensus

HLIT Stock  USD 9.47  0.11  1.15%   
The current analyst and expert consensus on Harmonic is Strong Buy, with 4 strong buy opinions. The current projected Harmonic target price consensus is 18.00 with 6 analyst opinions. The most common way Harmonic analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Harmonic executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Harmonic. We strongly encourage you to use your own analysis of Harmonic to validate this buy or sell advice. Harmonic buy-or-sell recommendation module provides average expert sentiment on the projected Harmonic target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Harmonic to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.
Lowest Forecast
16.38
Highest Forecast
19.98
Target Price
18
At this time, Harmonic's Pretax Profit Margin is comparatively stable compared to the past year. Operating Profit Margin is likely to gain to 0.04 in 2024, whereas Gross Profit is likely to drop slightly above 166.2 M in 2024. At this time, Harmonic's Short Term Debt is comparatively stable compared to the past year. Other Liabilities is likely to gain to about 34.4 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 286.9 M in 2024.
  
It's important to approach Harmonic's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Harmonic price targets

Harmonic's stock target price is an estimate of its future price, usually made by analysts. Using Harmonic's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Harmonic's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Harmonic's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Harmonic Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Harmonic is a key component of Harmonic valuation and have some predictive power on the future returns of a Harmonic.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harmonic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
6.369.3812.40
Details
Intrinsic
Valuation
LowRealHigh
8.8611.8814.90
Details
Naive
Forecast
LowNextHigh
6.009.0112.03
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.03-0.010.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harmonic. Your research has to be compared to or analyzed against Harmonic's peers to derive any actionable benefits. When done correctly, Harmonic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harmonic.

Trending Themes

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When determining whether Harmonic is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Harmonic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Harmonic Stock. Highlighted below are key reports to facilitate an investment decision about Harmonic Stock:
Check out Macroaxis Advice on Harmonic to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Harmonic Stock analysis

When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.
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The data published in Harmonic's official financial statements usually reflect Harmonic's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Harmonic. For example, before you start analyzing numbers published by Harmonic accountants, it's critical to develop an understanding of what Harmonic's liquidity, profitability, and earnings quality are in the context of the Communications Equipment space in which it operates.
Please note, the presentation of Harmonic's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Harmonic's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Harmonic's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Harmonic. Please utilize our Beneish M Score to check the likelihood of Harmonic's management manipulating its earnings.