In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Kornit Digital (NASDAQ: KRNT), with a price target of $21. The company’s shares opened today at $18.50.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 14.5% and a 62.8% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Teledyne Technologies Inc, and Electro Scientific.
Currently, the analyst consensus on Kornit Digital is a Moderate Buy with an average price target of $20.33.
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Kornit Digital’s market cap is currently $658.1M and has a P/E ratio of 1170.73. The company has a Price to Book ratio of 4.31.
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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.
