Kornit Digital (NASDAQ:KRNT) had its target price reduced by equities research analysts at Needham & Company LLC from $19.00 to $18.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price points to a potential upside of 30.43% from the stock’s previous close.
KRNT has been the topic of a number of other research reports. Barclays set a $19.00 price objective on Kornit Digital and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Kornit Digital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. TheStreet upgraded Kornit Digital from a “c” rating to a “b-” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Citigroup raised Kornit Digital from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $19.67.
Kornit Digital (KRNT) opened at $13.80 on Wednesday. Kornit Digital has a 1 year low of $12.85 and a 1 year high of $23.15. The company has a market capitalization of $470.60, a P/E ratio of -1,380.00, a P/E/G ratio of 0.99 and a beta of 0.02.
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Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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