Here’s What the Street is Saying About Harmonic Inc. (HLIT)

Harmonic Inc. (NASDAQ:HLIT) is one of the best small cap tech stocks to buy according to hedge funds. Harmonic Inc. (NASDAQ:HLIT) received several rating updates following the release of its financial results for fiscal Q1. On May 12, Needham lifted the price target on the stock to $18 from $17, maintaining a Buy rating on the shares and telling investors in a research note that the company delivered very strong Q1 results. Its Broadband segment beat consensus revenue and EPS estimates by 20% and 5c, respectively, while also delivering a fourth consecutive quarter of sequential growth. The firm further stated that the Rest of Market – non-Comcast/Charter – was also a highlight, with 78% year-over-year growth, as it suggested the much-desired customer diversification.

Harmonic Inc. (HLIT): Among Small-Cap Stocks Insiders Were Buying in Q1 2025

Harmonic Inc. (NASDAQ:HLIT) also received a rating update from Northland the same day. The firm lifted the price target on the stock to $15 from $14 and maintained an Outperform rating on the shares after what it called “much better” than expected Q1 results.

Harmonic Inc. (NASDAQ:HLIT) is involved in the development and sale of video delivery software, system solutions, products, and services. Its operations are divided into the Video and Broadband segments.

While we acknowledge the risk and potential of HLIT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HLIT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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