Craig-Hallum Keeps Their Buy Rating on Kornit Digital (KRNT)
Craig-Hallum analyst Greg Palm maintained a Buy rating on Kornit Digital (KRNT – Research Report) today. The company’s shares closed yesterday at $22.50.
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According to TipRanks, Palm is a 5-star analyst with an average return of 9.5% and a 53.65% success rate. Palm covers the Technology sector, focusing on stocks such as 3D Systems, Faro Technologies, and nLIGHT.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kornit Digital with a $28.67 average price target, which is a 27.42% upside from current levels. In a report released on June 5, Needham also reiterated a Buy rating on the stock with a $30.00 price target.
Based on Kornit Digital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $60.7 million and a net profit of $2.22 million. In comparison, last year the company earned a revenue of $56.59 million and had a GAAP net loss of $22.93 million
Read More on KRNT:
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- Kornit Digital Poised for Growth: Buy Rating Backed by Strong Demand and Innovative Business Model
- Kornit Digital signed strategic partnership with MAS Holdings
- Kornit Digital’s Earnings Call: Mixed Outlook with Growth Potential
- Kornit Digital price target raised to $30 from $28 at Needham
- Kornit Digital’s Promising Outlook and Strategic Initiatives Justify Buy Rating Despite Q1 Miss
