Harmonic Inc. (HLIT) is considered one of the 11 most undervalued cloud stocks under $10 by hedge funds. Wolfe Research recently initiated coverage on HLIT with an ‘Underperform’ rating and a price target of $7. Despite a sluggish outlook, analysts project a revenue growth of 30.29% in 2025, driven by strategic partnerships and technological innovation. HLIT offers cloud-based broadband and video solutions, serving operators and media companies. While HLIT shows investment potential, some AI stocks may offer greater upside with less downside risk. Analysts expect a strong second half of 2025 and 2026 performance for HLIT.

Read more at Yahoo Finance: Wolfe Research Initiates Coverage on Harmonic Inc. (HLIT) with ‘Underperform’ Rating