Raymond James analyst Simon Leopold raised the firm’s price target on Harmonic (HLIT) to $19 from $15 and keeps a Strong Buy rating on the shares. The firm expects a greater backend-loaded growth to 2024, driven by the addition of contributions from Charter (CHTR), Comcast’s (CMCSA) adoption of DOCSIS 4.0, and improvement from other cOS customers, the analyst tells investors in a research note.
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