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Harmonic, Inc. (Symbol: HLIT) shares have recently surpassed the average analyst 12-month target price of $10.50, trading at $10.55 per share. This movement indicates potential reassessments among analysts, who may either downgrade the stock or increase their target prices based on the company’s performance.
There are currently seven analysts covering Harmonic, with target prices ranging from $7.00 to $14.00, and an average price target standard deviation of $2.75. The breakdown of analyst ratings shows 2 Strong Buy, 2 Buy, 3 Hold, and 1 Strong Sell, resulting in an average rating of 2.5, where 1 signifies Strong Buy and 5 signifies Strong Sell.
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