Barclays Sticks to Its Hold Rating for Kornit Digital (KRNT)
Barclays analyst Tavy Rosner maintained a Hold rating on Kornit Digital on November 5 and set a price target of $18.00. The company’s shares closed yesterday at $12.50.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
According to TipRanks, Rosner is a 4-star analyst with an average return of 8.8% and a 54.17% success rate. Rosner covers the Technology sector, focusing on stocks such as Amdocs, Ceva, and NICE.
In addition to Barclays, Kornit Digital also received a Hold from Morgan Stanley’s Erik Woodring in a report issued yesterday. However, on the same day, Needham maintained a Buy rating on Kornit Digital (NASDAQ: KRNT).
Based on Kornit Digital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $49.75 million and a GAAP net loss of $7.52 million. In comparison, last year the company earned a revenue of $48.93 million and had a GAAP net loss of $4.91 million
Read More on KRNT:
Disclaimer & DisclosureReport an Issue
- Kornit Digital price target lowered to $20 from $25 at Needham
- Kornit Digital price target lowered to $26 from $28.50 at Cantor Fitzgerald
- Kornit Digital downgraded to Equal Weight at Morgan Stanley amid transformation
- Kornit Digital downgraded to Equal Weight from Overweight at Morgan Stanley
- Kornit Digital’s Strong Q3 Performance and Promising Growth Justify Buy Rating
