Kornit Digital - KRNT Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KRNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KRNT, but not buy additional shares or sell existing shares.
View KRNT analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 1-year target prices for Kornit Digital's stock. Their KRNT share price forecasts range from $25.00 to $50.00. On average, they expect the company's stock price to reach $32.50 in the next year. This suggests a possible upside of 71.9% 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 stock has decreased by 17.7% and is now trading at $18.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our KRNT earnings forecast.

Kornit Digital Ltd. (NASDAQ:KRNT) posted its quarterly earnings data on Wednesday, February, 15th. The industrial products company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by $0.03. The industrial products company had revenue of $63.30 million for the quarter, compared to analysts' expectations of $67.05 million. Kornit Digital had a negative net margin of 29.12% and a negative trailing twelve-month return on equity of 6.16%.

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 VanEck Israel ETF (ISRA).First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

Kornit Digital issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $47.00 million-$52.00 million, compared to the consensus revenue estimate of $52.99 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 $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 variety of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (8.83%), Senvest Management LLC (8.33%), Granahan Investment Management LLC (7.09%), American Capital Management Inc. (4.17%), Riverbridge Partners LLC (3.74%) and Meitav Dash Investments Ltd. (3.32%).

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 $18.91.

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $941.43 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 ($1.58) 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.