Stifel Nicolaus Believes Kornit Digital (NASDAQ: KRNT) Still Has Room to Grow

By Ryan Adsit

Stifel Nicolaus analyst Patrick Ho maintained a Buy rating on Kornit Digital (NASDAQ: KRNT) today and set a price target of $25. The company’s shares closed on Friday at $20.49, close to its 52-week high of $22.20.

According to TipRanks.com, Ho is a 4-star analyst with an average return of 5.7% and a 49.2% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, IPG Photonics Corporation, and Rudolph Technologies.

Currently, the analyst consensus on Kornit Digital is a Strong Buy with an average price target of $22.75, which is an 11.0% upside from current levels. In a report issued on October 5, Needham also maintained a Buy rating on the stock with a $24 price target.

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Kornit Digital’s market cap is currently $703.9M and has a P/E ratio of 362.65. The company has a Price to Book ratio of 4.46.

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Kornit Digital Ltd. engages in the development, manufacture, and marketing of industrial and commercial printing solutions for the garment, apparel, and textile industries. It offers printing solutions for apparel, polyester, sportswear, beachwear, accessories, paradigm shirt, textiles, curtains, cushions and couches.