Kornit Digital (KRNT) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KRNT shares.
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4 analysts have issued 12 month price objectives for Kornit Digital's shares. Their KRNT share price forecasts range from $25.00 to $31.00. On average, they predict the company's stock price to reach $28.60 in the next year. This suggests a possible upside of 53.4% from the stock's current price.
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Kornit Digital's stock was trading at $22.97 on January 1st, 2023. Since then, KRNT shares have decreased by 18.9% and is now trading at $18.64.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Kornit Digital Ltd. (NASDAQ:KRNT) announced its earnings results on Wednesday, August, 9th. The industrial products company reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.05. The industrial products company had revenue of $56.20 million for the quarter, compared to analyst estimates of $56.88 million. Kornit Digital had a negative trailing twelve-month return on equity of 7.02% and a negative net margin of 37.45%.

ETFs with the largest weight of Kornit Digital (NASDAQ:KRNT) stock in their portfolio include BlueStar Israel Technology ETF (ITEQ), iShares MSCI Israel ETF (EIS) and Harbor Small Cap Explorer ETF (QWST).VanEck Israel ETF (ISRA).

Kornit Digital updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $58.00 million-$62.00 million, compared to the consensus revenue estimate of $65.15 million.

15 employees have rated Kornit Digital Chief Executive Officer Ronen Samuel on Glassdoor.com. Ronen Samuel has an approval rating of 95% among the company's employees. This puts Ronen Samuel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kornit Digital investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), QUALCOMM (QCOM), Carnival Co. & (CCL), Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM), CVS Health (CVS), Walt Disney (DIS), JD.com (JD) and Marvell Technology (MRVL).

(KRNT) raised $99 million in an IPO on Thursday, April 2nd 2015. The company issued 7,100,000 shares at a price of $13.00-$15.00 per share. Barclays and Citigroup acted as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers.

Kornit Digital trades on the NASDAQ under the ticker symbol "KRNT."

Kornit Digital's stock is owned by many different institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (8.89%), Senvest Management LLC (8.74%), Granahan Investment Management LLC (6.23%), Wasatch Advisors LP (4.45%), Riverbridge Partners LLC (3.82%) and Meitav Investment House Ltd. (3.25%).

Shares of KRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KRNT stock can currently be purchased for approximately $18.64.

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $934.24 million and generates $271.52 million in revenue each year. The industrial products company earns $-79,070,000.00 in net income (profit) each year or ($1.76) on an earnings per share basis.

The company employs 934 workers across the globe.

Kornit Digital's mailing address is 12 HAAMAL STREET, ROSH-HAAYIN L3, 4809246. The official website for the company is www.kornit.com. The industrial products company can be reached via phone at (723) 908-5800, via email at michael.callahan@icrinc.com, or via fax at 972-3908-0280.