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Craig-Hallum Sticks to Their Buy Rating for Kornit Digital (KRNT)

Tipranks - Fri Jun 19, 6:54AM CDT

In a report released on June 16, Greg Palm from Craig-Hallum maintained a Buy rating on Kornit Digital. The company’s shares closed yesterday at $15.97.

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According to TipRanks, Palm is a 5-star analyst with an average return of 21.0% and a 57.58% success rate. Palm covers the Technology sector, focusing on stocks such as nLIGHT, Allient, and 3D Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kornit Digital with a $24.75 average price target.

Based on Kornit Digital’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $48.54 million and a GAAP net loss of $8.22 million. In comparison, last year the company earned a revenue of $46.46 million and had a GAAP net loss of $5.06 million

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