Is there a Bearish outlook for Kornit Digital Ltd. (NASDAQ:KRNT) this week?

July 16, 2018 - By Matthew Richard

Kornit Digital Ltd. (NASDAQ:KRNT) Logo

Kornit Digital Ltd. (NASDAQ:KRNT) Ratings Coverage

Among 4 analysts covering Kornit Digital (NASDAQ:KRNT), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Kornit Digital had 6 analyst reports since January 23, 2018 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $21 target in Thursday, June 7 report. Citigroup upgraded the shares of KRNT in report on Tuesday, January 23 to “Buy” rating. On Friday, April 13 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Wednesday, February 14 by Needham. Canaccord Genuity maintained Kornit Digital Ltd. (NASDAQ:KRNT) rating on Friday, June 8. Canaccord Genuity has “Buy” rating and $20 target. The rating was maintained by Canaccord Genuity on Tuesday, January 23 with “Buy”. Below is a list of Kornit Digital Ltd. (NASDAQ:KRNT) latest ratings and price target changes.

08/06/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $18 New Target: $20 Maintain
07/06/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $21 Maintain
13/04/2018 Broker: Canaccord Genuity Rating: Buy New Target: $18.0000 Maintain
14/02/2018 Broker: Needham Rating: Buy New Target: $18.0 Maintain
23/01/2018 Broker: Canaccord Genuity Rating: Buy New Target: $18.0 Maintain
23/01/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade

The stock decreased 1.66% or $0.33 during the last trading session, reaching $19.27. About 105,862 shares traded. Kornit Digital Ltd. (NASDAQ:KRNT) has declined 5.92% since July 16, 2017 and is downtrending. It has underperformed by 18.49% the S&P500.

Kornit Digital Ltd. designs, develops, and markets digital printing solutions for printed textile industry. The company has market cap of $662.21 million. It offers direct-to-garment printers from smaller commercial operators to mass producers; NeoPigment ink and other consumables; Vulcan, a digital substitution for carousel screen printing; Allegro roll to roll printers; QuickP Designer software; and value added services, such as maintenance and support, and professional services. It has a 2409.37 P/E ratio. The firm serves decorators, online businesses, brand owners, and contract printers.

Kornit Digital Ltd. (NASDAQ:KRNT) Ratings Chart

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