Kornit Digital (NASDAQ:KRNT – Get Free Report) had its target price boosted by investment analysts at Needham & Company LLC from $20.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 33.50% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Morgan Stanley reiterated a “positive” rating and issued a $17.00 price objective on shares of Kornit Digital in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kornit Digital in a research report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kornit Digital presently has an average rating of “Hold” and a consensus price target of $20.75.
Check Out Our Latest Research Report on KRNT
Kornit Digital Stock Up 2.5%
Kornit Digital (NASDAQ:KRNT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The industrial products company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Kornit Digital had a negative net margin of 6.49% and a negative return on equity of 1.07%. The business had revenue of $48.54 million during the quarter, compared to analysts’ expectations of $46.67 million. During the same quarter in the previous year, the company earned $0.01 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Kornit Digital will post -0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Kornit Digital
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. grew its holdings in shares of Kornit Digital by 21.1% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 779,559 shares of the industrial products company’s stock valued at $10,524,000 after purchasing an additional 135,709 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Kornit Digital during the 3rd quarter valued at approximately $6,356,000. Medina Value Partners LLC bought a new stake in shares of Kornit Digital during the 3rd quarter valued at approximately $12,732,000. Ironwood Investment Management LLC bought a new stake in Kornit Digital during the 3rd quarter worth approximately $1,006,000. Finally, Thompson Investment Management Inc. grew its holdings in Kornit Digital by 11.0% during the 4th quarter. Thompson Investment Management Inc. now owns 876,977 shares of the industrial products company’s stock worth $12,611,000 after acquiring an additional 87,216 shares during the last quarter. 92.76% of the stock is owned by institutional investors.
Key Headlines Impacting Kornit Digital
Here are the key news stories impacting Kornit Digital this week:
- Positive Sentiment: Q1 revenue came in at $48.5 million, topping the company’s guidance range and beating Wall Street expectations, which suggests demand was stronger than anticipated. Kornit Digital Reports First Quarter 2026 Results
- Positive Sentiment: Management said AIC revenue grew about 103% year over year, while positive operating cash flow continued for a tenth straight quarter, both signs that Kornit’s recurring-revenue strategy is gaining traction. Kornit Digital Reports First Quarter 2026 Results
- Positive Sentiment: The company guided Q2 revenue to $51 million-$55 million, above the consensus estimate, which supports the view that momentum is carrying into the next quarter. Kornit Digital Reports First Quarter 2026 Results
Kornit Digital Company Profile
Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.
The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.
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