In a report released today, James Ricchiuti from Needham maintained a Buy rating on Kornit Digital (KRNT), with a price target of $35.00. The company’s shares closed last Monday at $33.13, close to its 52-week high of $35.73.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 15.8% and a 64.0% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.
Currently, the analyst consensus on Kornit Digital is a Moderate Buy with an average price target of $35.00.
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Based on Kornit Digital’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $460K. In comparison, last year the company had a net profit of $3.11 million.
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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.
