Barclays analyst Joseph Wolf maintained a Buy rating on Kornit Digital (NASDAQ: KRNT) on October 12 and set a price target of $24. The company’s shares closed on Friday at $19.32.
According to TipRanks.com, Wolf is a 3-star analyst with an average return of 3.3% and a 49.6% success rate. Wolf covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Lumentum Holdings, and Finisar Corp.
Kornit Digital has an analyst consensus of Strong Buy, with a price target consensus of $23.25, a 20.3% upside from current levels. In a report issued on October 5, Needham also maintained a Buy rating on the stock with a $24 price target.
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Kornit Digital’s market cap is currently $663.8M and has a P/E ratio of 341.95. The company has a Price to Book ratio of 4.21.
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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.
