Rosenblatt Rates Harmonic (HLIT) buy, $20 Price Target

Analyst Steve Frankel keeps a bullish stance on Harmonic Inc. as shares trade below the $20 price target, a 34.68% upside from the current price.

By EarningsIQ Research Desk · Published Jun 15, 2026, 9:01 AM EDT · Updated Jun 18, 2026, 2:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Rosenblatt rated Harmonic Inc. ($HLIT) "buy" with a $20 price target on June 15, 2026.

Since the rating, $HLIT is down 0.7% after 1 week, down 13.8% after 1 month and down 29.1% to date (from the $15.07 close on Jun 15, 2026).

HLIT Harmonic Inc.

$10.69 +6.69% year to date

Daily close · Oct 16, 2026

Key Points

Rosenblatt analyst Steve Frankel reaffirmed a buy rating on Harmonic Inc. on June 15, 2026, holding firm with a $20 price target.
Rosenblatt's $20 price target implies 34.68% upside from Harmonic Inc.'s ($HLIT) current $14.85 share price.
Harmonic shares trade at $14.85, sitting inside a 52-week range spanning from $8.47 to $17.68.
The broader analyst community tracks the stock with a consensus buy recommendation and a mean price target of $16.14.

Get $HLIT trade alerts by text

We text you when insiders, Congress or big funds trade $HLIT. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Harmonic Inc. alert may contain errors. Disclosures

Rosenblatt Sticking With $20 Target on Harmonic Inc. Shares

Rosenblatt analyst Steve Frankel keeps a close eye on Harmonic Inc. (NasdaqGS: HLIT) as the stock changes hands at $14.85. In an update issued on June 15, 2026, Frankel reaffirmed his buy rating and left his price target at $20.00. That target sits well above where the shares currently trade, pointing to room for potential gains if the firm's outlook plays out over time.

12-month forecast

$HLIT price target

Harmonic Inc. daily closes and this analyst's $20 target. Not advice.

Stock Price Trades Near Upper End of Range

Harmonic shares change hands at $14.85 on Monday, trading comfortably above their 50-day moving average of $11.58 and their 200-day moving average of $11.55. The stock has moved inside a 52-week range with a low of $8.47 and a high of $17.68. The current valuation brings the company's market capitalization to roughly $1.15 billion, backed by a trailing P/E ratio of 40.69 and a forward P/E ratio of 13.10.

Broader Analyst Views and Recent Firm Updates

Other Wall Street firms have also adjusted their views on the communication equipment maker in recent months. On August 13, 2026, Barclays maintained an equal-weight rating while raising its price target from $15.00 to $16.00. Rosenblatt itself has kept a steady hand, issuing repeat buy ratings and a $20 target across updates on August 13, September 16, and October 1, 2026. Across the wider analyst community, seven experts share opinions on the stock, resulting in a consensus buy recommendation and a mean price target of $16.14, accompanied by a high target of $20.00 and a low target of $8.00.

Behind the Business at Harmonic

Headquartered in San Jose, California, Harmonic builds broadband access solutions and software for operators around the globe. The company develops virtualized cloud-native software and hardware products like remote PHY devices and module shelves that help cable and telecom providers upgrade their networks. It also offers professional services, maintenance, and SaaS-related deployment support to help clients run their systems.

What to Watch Next for HLIT

Investors tracking Harmonic will want to monitor upcoming financial disclosures, with the company scheduled to release its next round of quarterly financial results on October 26, 2026. Analyst ratings and target updates from firms like Rosenblatt and Barclays provide ongoing clues into how Wall Street evaluates the firm's growth path. As always, analyst targets reflect individual firm estimates and do not guarantee future stock movements.