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 year. 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.
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5 Wall Street analysts have issued 1-year price objectives for Kornit Digital's stock. 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 169.4% from the stock's current price.
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Kornit Digital's stock was trading at $152.25 at the beginning of the year. Since then, KRNT shares have decreased by 81.6% and is now trading at $28.06.
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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 results on Wednesday, August, 10th. The industrial products company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by $0.06. The industrial products company earned $62.50 million during the quarter, compared to the consensus estimate of $58 million. Kornit Digital had a negative trailing twelve-month return on equity of 1.89% and a negative net margin of 6.29%. The company's revenue was down 29.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS.

Kornit Digital updated its third quarter 2022 earnings guidance on Friday, September, 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 $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 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 shareholders include Moody National Bank Trust Division (0.06%).

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 $28.06.

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $1.39 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.