Kornit Digital - KRNT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRNT shares.
View KRNT analyst ratings or view top-rated stocks.

6 brokers have issued 12-month price targets for Kornit Digital's shares. Their KRNT share price forecasts range from $25.00 to $50.00. On average, they predict the company's stock price to reach $36.33 in the next year. This suggests a possible upside of 26.2% from the stock's current price.
View analysts price targets for KRNT or view top-rated stocks among Wall Street analysts.

Kornit Digital's stock was trading at $22.97 on January 1st, 2023. Since then, KRNT shares have increased by 25.3% and is now trading at $28.79.
View the best growth stocks for 2023 here.

Kornit Digital saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,130,000 shares, a drop of 23.6% from the December 31st total of 1,480,000 shares. Based on an average daily volume of 352,200 shares, the days-to-cover ratio is presently 3.2 days.
View Kornit Digital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our KRNT earnings forecast.

Kornit Digital will be holding an earnings conference call on Wednesday, February 15th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735879".

Kornit Digital Ltd. (NASDAQ:KRNT) issued its earnings results on Wednesday, November, 9th. The industrial products company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.13. The industrial products company earned $66.79 million during the quarter, compared to analyst estimates of $68.06 million. Kornit Digital had a negative trailing twelve-month return on equity of 4.44% and a negative net margin of 14.45%.

Kornit Digital issued an update on its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $66.00 million-$70.00 million, compared to the consensus revenue estimate of $69.36 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 initial public offering (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 served 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 a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.74%), Harel Insurance Investments & Financial Services Ltd. (2.40%), Stephens Investment Management Group LLC (2.22%), Chicago Capital LLC (1.53%), Migdal Insurance & Financial Holdings Ltd. (0.95%) and New York State Common Retirement Fund (0.58%).

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.
Compare Top Brokerages Here.

One share of KRNT stock can currently be purchased for approximately $28.79.

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $1.43 billion and generates $322.01 million in revenue each year. The industrial products company earns $15.53 million in net income (profit) each year or ($0.85) on an earnings per share basis.

The company employs 882 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.