Tag Archives: har

RBC: Harman Sitting Pretty In Car Infotainment Market

Harman International Industries (HAR), a leading provider of car infotainment systems, is well positioned for the next five to seven years and likely will gain market share, RBC Capital Markets said in a research report Thursday. RBC analyst Joseph Spak reiterated his outperform rating on Harman stock with a price target of 145 after a meaning with Harman’s CEO Dinesh Paliwal and CFO Sandy Rowland. Harman stock was up a fraction in midday trading

This Top Stock Breaks Out Of 3-Weeks-Tight Pattern

Harman International Industries (HAR) hit a new high on the stock market today, breaking out of a three-weeks-tight pattern. The maker of infotainment systems completed its acquisition of Red Bend, a connected car technology company, on Monday. Last month, Harman announced a deal with Chinese search engine Baidu (BIDU) to roll out vehicle networking systems. Meanwhile, connected car tech leader Nvidia (NVDA) has been trading tightly after clearing

Head-up displays to expand beyond luxury cars

Heads up, tech trend watchers. Almost one-third of consumer vehicles shipping in 2024 will be equipped with some form of head-up display, ABI Research predicts. A head-up display (HUD) projects information onto a car’s windshield within a driver’s field of vision. The displays are thought to minimize driver distraction and thus improve safety. They can show such information as a car’s speed, fuel level and navigation instructions. HUD units already are in luxury cars from automakers like Audi, BMW and Mercedes-Benz. But falling prices for the technology will put head-up displays in more cars in the next 10 years, ABI analyst James Hodgson said in a statement. The main suppliers of HUDs include Bosch, Continental, Denso, NSK and Panasonic, ABI reported last week. Other players include Harman International Industries (HAR), Visteon (VC) and Delphi Automotive (DLPH). Last year, vendors shipped 3 million factory-installed automotive head-up displays worldwide, including 1.2 million…