In a report released yesterday, Joseph Wolf from Barclays maintained a Buy rating on Kornit Digital (NASDAQ: KRNT), with a price target of $22. The company’s shares closed yesterday at $18.85, close to its 52-week high of $20.
According to TipRanks.com, Wolf is a 4-star analyst with an average return of 5.3% and a 54.3% success rate. Wolf covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Corning Inc, and Radware Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kornit Digital with a $20.75 average price target, implying a 10.1% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $21 price target.
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The company has a one-year high of $20 and a one-year low of $11.70. Currently, Kornit Digital has an average volume of 269.6K.
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Kornit Digital Ltd. engages in the development, manufacture, and marketing of industrial and commercial printing solutions for the garment, apparel, and textile industries. It offers printing solutions for apparel, polyester, sportswear, beachwear, accessories, paradigm shirt, textiles, curtains, cushions and couches.
