Barclays Analysts Give Kornit Digital (KRNT) a $19.00 Price Target

Barclays set a $19.00 price target on Kornit Digital (NASDAQ:KRNT) in a report issued on Wednesday. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other brokerages have also recently issued reports on KRNT. Needham & Company LLC decreased their price objective on Kornit Digital from $22.00 to $19.00 and set a buy rating on the stock in a report on Wednesday, September 27th. Canaccord Genuity reaffirmed a buy rating and set a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Stifel Nicolaus decreased their price objective on Kornit Digital from $20.00 to $18.00 and set a buy rating on the stock in a report on Wednesday, September 27th. Citigroup cut Kornit Digital from a buy rating to a neutral rating and decreased their price objective for the stock from $21.50 to $14.00 in a report on Wednesday, September 27th. Finally, BidaskClub cut Kornit Digital from a hold rating to a sell rating in a report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Kornit Digital presently has a consensus rating of Hold and a consensus target price of $19.00.

Kornit Digital (KRNT) opened at $15.70 on Wednesday. Kornit Digital has a twelve month low of $12.85 and a twelve month high of $23.15. The company has a market capitalization of $508.56, a P/E ratio of -1,570.00, a P/E/G ratio of 1.07 and a beta of 0.17.

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Kornit Digital by 49.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 2,583 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Kornit Digital by 1,540.0% during the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after buying an additional 7,700 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Kornit Digital during the 2nd quarter valued at $198,000. ETF Managers Group LLC purchased a new stake in Kornit Digital during the 2nd quarter valued at $211,000. Finally, Keybank National Association OH purchased a new stake in Kornit Digital during the 2nd quarter valued at $277,000. 78.84% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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