Northland raised the firm’s price target on Harmonic (HLIT) to $23 from $20 and keeps an Outperform rating on the shares after the company announced its selection by Charter (CHTR) as a strategic technology partner. The deal with Charter confirms the firm’s view of Harmonic "as the leader" in an upgrade opportunity that could reach $1B, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on HLIT: