Wolfe Research begins reporting for Harmonic Inc. (HLIT) with an “underperformance” rating

Harmonic Inc. (NASDAQ:hlit), stock prices below $10, strong hedge fund interest, and low-price return rates are According to hedge funds, the most undervalued cloud stock below $10.

On July 8, 2025, Wolfe Research began reporting on Harmonic Inc. (NASDAQ: HLIT) with a $7 price target and an “underperformance” rating. This precedes the company’s revenue release for the second quarter, scheduled for July 28, 2025. Analyst price targets mean a decline from our current stock price of $9.10. However, several other analysts, including Rosenblatt, Needham and Barclays, have recently given the company a bullish rating.

Despite the slower outlook, analysts project strong growth in 2025, projecting revenue growth of 30.29%, acquiring total revenues of $840.6 million from $645.2 million in 2025. In the broadband and video streaming space. Furthermore, its innovative PTP-less DAA deployment and cloud-native VOS360 platform are expected to enhance its competitiveness.

There was a delay in the short-term rollout, but management remains optimistic. Going forward, analysts look forward to improvements in the second half of 2025 and strong performance in 2026. This has fueled strong demand amid the company’s collaboration with Cujo AI, which enhances broadband connectivity.

With the help of software and SaaS platform, Harmonic Inc. (NASDAQ: HLIT) offers cloud-based broadband and video solutions, serving operators and media companies by providing high-speed internet and advanced streaming services. Included in our list of the best cloud stocks.

Although we acknowledge the potential of HLIT as an investment, we believe certain AI stocks offer greater promotion potential and pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

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Disclosure: None.