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Analysts Offer Insights on Industrial Goods Companies: Tecogen (TGEN) and Kornit Digital (KRNT)

Tipranks - Tipranks - Fri May 15, 8:44AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Tecogen (TGEN) and Kornit Digital (KRNT) with bullish sentiments.

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Tecogen (TGEN)

In a report released today, Eric Stine from Craig-Hallum reiterated a Buy rating on Tecogen, with a price target of $9.00. The company’s shares closed last Thursday at $5.25.

According to TipRanks.com, Stine is a 5-star analyst with an average return of 20.0% and a 44.5% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, American Superconductor, and PureCycle Technologies. ;'>

Tecogen has an analyst consensus of Strong Buy, with a price target consensus of $7.83, which is a 54.4% upside from current levels. In a report issued on May 12, Northland Securities also maintained a Buy rating on the stock with a $4.50 price target.

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Kornit Digital (KRNT)

In a report released today, Greg Palm from Craig-Hallum reiterated a Buy rating on Kornit Digital, with a price target of $26.00. The company’s shares closed last Thursday at $15.07, close to its 52-week low of $13.59.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 18.9% and a 54.9% success rate. Palm covers the Technology sector, focusing on stocks such as Bel Fuse Inc, 3D Systems, and Stratasys. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kornit Digital with a $25.17 average price target, implying a 52.7% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $22.00 price target.

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