Senate Republicans to challenge auto safety mandates in January - WSJ
Investing.com - Needham has reiterated its Buy rating and $15.00 price target on Harmonic Inc. (NASDAQ:HLIT), citing promising customer and product developments for improved Broadband business unit results in 2026. The target represents a potential 69% upside from the current price of $8.87, with InvestingPro data showing the stock is currently trading below its Fair Value.
The research firm noted that Comcast is already deploying D4 in volume and preparing for a transition to its D4U node in the first quarter of 2025, while Charter is finally deploying D3.1 in volume.
Needham highlighted that much of Harmonic’s remaining customer base is ready to ramp D4 with the availability of the D4U node, and the company maintains a strong and stable leadership position in the industry.
The firm’s analysis followed a November 20 meeting with Harmonic’s CFO Walter Jankovic and IR David Hanover during Needham’s Tech Week Conference.
Needham also noted management’s enthusiasm regarding profitability improvements in Harmonic’s Video business unit, concluding that the stock setup for 2026 appears "very attractive."
In other recent news, Harmonic Inc . reported its third-quarter 2025 earnings, exceeding market expectations with an earnings per share (EPS) of $0.12, which was significantly higher than the forecasted $0.05. The company’s revenue also surpassed projections, reaching $142.4 million compared to the anticipated $129.05 million. This marks the second consecutive quarter of growth for both segments of the company. Following these strong results, Needham raised its price target for Harmonic to $15.00 from $12.00 while maintaining a Buy rating. The firm highlighted robust third-quarter spending from Comcast and other international customers. These developments underscore Harmonic’s continued positive performance in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.