Is Harmonic Inc. (HLIT) One of the Best Under-the-Radar Stocks to Buy?

Harmonic Inc. (NASDAQ:HLIT) is one of the best under-the-radar stocks to buy according to hedge funds.Is Harmonic Inc. (HLIT) One of the Best Under-the-Radar Stocks to Buy?

On February 19, Needham increased its price target on Harmonic Inc. (NASDAQ:HLIT) from $15 to $17 and kept its Buy rating.

Needham pointed to the company’s broadband business unit, which exceeded consensus revenue estimates by about 8%. This segment also recorded its third straight quarter of growth. In the fourth quarter, Harmonic Inc. (NASDAQ:HLIT) reported a book-to-bill ratio of 3.5 times, doubling its backlog. Needham also noted that the company’s management was openly conservative when providing its fiscal 2026 guidance. The firm believes the guidance is easily beatable. Needham expects beats and raises through 2026.

On the same day, Rosenblatt also raised its price target on Harmonic Inc. (NASDAQ:HLIT) from $14 to $16 and kept its Buy rating. The firm pointed to the company’s Q4 results as proof that earlier challenges have reversed. Rosenblatt added that the company is driving the shift toward next-generation broadband technology. The research firm believes that the key elements are in place for the stock to perform well.

Harmonic Inc. (NASDAQ:HLIT) is a leading provider of virtualized broadband and video delivery solutions. It helps media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers around the world.

While we acknowledge the potential of HLIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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