Lifting Industry Headwinds Will Support Broader Demand and Market Momentum Ahead

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

24 Sep 24

Updated

13 Dec 25

Views

113

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-25.3%

7D

-4.7%

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1Y

-25.3%

7D

-4.7%

You can edit this narrative until Dec 14 10:10 PM. Then, changes will post as Updates.

Author's Valuation

US$11.7915.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 13 Dec 25

HLIT: Easing Broadband Headwinds Will Support Stronger Future Demand Outlook

Analysts have raised their price target on Harmonic by $3 to $14, citing improving industry conditions and the easing of prior headwinds following recent broadband sector insights. Analyst Commentary Bullish Takeaways Bullish analysts argue that the improved broadband demand backdrop should support a healthier order pipeline, justifying a higher valuation multiple on forward earnings.

Shared on 28 Nov 25

Fair value Increased 3.77%

HLIT: Recent Industry Tailwinds Will Drive Confidence in Broadband Demand Outlook

Analysts have raised their price target for Harmonic, increasing it by $0.43. This reflects improved sentiment as several industry headwinds have recently eased.

Shared on 13 Nov 25

Fair value Increased 8.16%

HLIT: Capital Deployment and Industry Developments Will Shape Outlook Amid Fading Headwinds

Analysts have raised their price target for Harmonic from $11.00 to $14.00, citing renewed confidence following industry events and the easing of earlier headwinds. Analyst Commentary Industry research following key broadband events has informed recent analyst perspectives on Harmonic's performance and outlook.

Shared on 29 Oct 25

Narrative Update on Harmonic: Price Target Adjustment Analysts have increased Harmonic's price target by $3, to $14 from $11, citing improved industry conditions and the resolution of earlier headwinds as key factors in their revised outlook. Analyst Commentary Analysts offered a range of perspectives on Harmonic following the recent price target adjustment.

Shared on 03 Oct 25

Fair value Increased 4.26%

Analysts have raised their fair value estimate for Harmonic from $10.07 to $10.50. This change reflects improved sentiment after headwinds in the company's results were seen to have eased.

Shared on 31 Jul 25

Fair value Decreased 1.40%

Analysts left key valuation metrics for Harmonic virtually unchanged, with the consensus price target decreasing only modestly from $10.21 to $10.07. What's in the News Harmonic provided Q3 2025 guidance forecasting net revenue of $120–$135 million, a net income range of negative $4 million to breakeven, and operational income from negative $5 million to $3 million.

Shared on 01 May 25

Fair value Decreased 22%

Shared on 23 Apr 25

Fair value Increased 6.34%

AnalystConsensusTarget has decreased shares outstanding growth rate from 0.0% to -0.0%.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 5.22%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 11 Mar 25

Fair value Increased 6.97%

AnalystConsensusTarget has decreased revenue growth from 10.1% to 6.7%, decreased profit margin from 21.0% to 6.8% and increased future PE multiple from 11.6x to 30.4x.

AnalystConsensusTarget Fair Value

US$11.79

15.4% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

8.34%

Communications revenue growth rate

0.77%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.38%

Calculation

US$124.56m

Earnings '28

x

11.80x

PE Ratio '28

=

US$1.47b

Market Cap '28

US$1.47b

Market Cap '28

/

98.93m

No. shares '28

=

US$14.86

Share Price '28

US$14.86 Share Price '28

Discounted to 2025 @ 8.37% p.a.

=

US$11.67

Fair Value '25