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Do Analysts Expect Harmonic Inc (HLIT) Stock to Rise After It Has Risen 19.15% in a Month?

Monday, October 03, 2022 01:00 PM | InvestorsObserver Analysts
Do Analysts Expect Harmonic Inc (HLIT) Stock to Rise After It Has Risen 19.15% in a Month?

Wall Street is positive on Harmonic Inc (HLIT). On average, analysts give the stock a Strong Buy rating. The average price target is $15.416, which means analysts expect the stock to rise by 19.13% over the next twelve months. That average ranking earns the stock an Analyst Rating of 48, which is better than 48% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.3
Wall Street analysts are rating HLIT a Strong Buy today. Find out what this means to you and get the rest of the rankings on HLIT!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Harmonic Inc Stock Today?

Harmonic Inc (HLIT) stock is lower by -0.99% while the S&P 500 has gained 1.92% as of 1:00 PM on Monday, Oct 3. HLIT is down -$0.13 from the previous closing price of $13.07 on volume of 1,102,519 shares. Over the past year the S&P 500 is down -15.02% while HLIT has gained 50.29%. HLIT earned $0.30 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 43.24. Click Here to get the full Stock Report for Harmonic Inc stock.

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