Kornit Digital - KRNT Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KRNT shares.
View KRNT analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 1 year price objectives for Kornit Digital's shares. Their KRNT share price forecasts range from $32.00 to $200.00. On average, they expect the company's share price to reach $75.60 in the next year. This suggests a possible upside of 116.9% 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 $152.25 at the start of the year. Since then, KRNT shares have decreased by 77.1% and is now trading at $34.85.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our KRNT earnings forecast.

Kornit Digital Ltd. (NASDAQ:KRNT) issued its quarterly earnings data on Wednesday, August, 10th. The industrial products company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by $0.03. The industrial products company had revenue of $62.50 million for the quarter, compared to analyst estimates of $58 million. Kornit Digital had a negative net margin of 6.29% and a negative trailing twelve-month return on equity of 1.89%. The business's revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS.

Kornit Digital issued an update on its third quarter 2022 earnings guidance on Friday, August, 12th. 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 $64.98 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 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 a variety of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (6.53%), Riverbridge Partners LLC (3.04%), abrdn plc (2.50%), Meitav Dash Investments Ltd. (2.20%), Harel Insurance Investments & Financial Services Ltd. (2.18%) and Stephens Investment Management Group LLC (1.79%).

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 $34.85.

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $1.73 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 ($0.39) 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.