Needham Reiterates Buy on Kornit Digital, Maintains $27 Price Target
$KRNT
Industrial Machinery/Components
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Needham analyst James Ricchiuti reiterates Kornit Digital (NASDAQ:KRNT) with a Buy and maintains $27 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2023 | $23.00 | Hold → Buy | Craig Hallum |
| 8/10/2023 | $29.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/16/2023 | $34.00 → $28.00 | Overweight → Equal Weight | Barclays |
| 1/18/2023 | $27.00 | Equal-Weight | Morgan Stanley |
| 7/6/2022 | $54.00 → $26.00 | Buy → Hold | Craig Hallum |
| 7/6/2022 | $100.00 → $50.00 | Buy → Hold | Stifel |
| 12/23/2021 | $202.00 | Buy | Needham |
| 11/4/2021 | $180.00 → $200.00 | Overweight | Barclays |
Craig Hallum upgraded Kornit Digital from Hold to Buy and set a new price target of $23.00
Morgan Stanley upgraded Kornit Digital from Equal-Weight to Overweight and set a new price target of $29.00
Barclays downgraded Kornit Digital from Overweight to Equal Weight and set a new price target of $28.00 from $34.00 previously
Third quarter revenues of $50.7 million, in line with previous guidanceThird quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 millionContinued positive cash generation from operationsSignificant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitabilityIndustry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC model ROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for t
ROSH-HA`AYIN, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 6 at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, www.kornit.com, in the "Investors" section. The dial-in inform
T-Shirt & Sons (TSS) expands its digital production capabilities by adding the Kornit Apollo platform alongside existing Atlas MAX systems With this expansion, company set to streamline operations and increase production capacity by several million impressions annually ROSH-HA'AYIN, Israel, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that T-Shirt & Sons (TSS) – a prominent European apparel manufacturer based in the UK and the Netherlands and serving some of the largest e-commerce and retail brands - has adopted Kornit Apollo to
6-K - Kornit Digital Ltd. (0001625791) (Filer)
6-K - Kornit Digital Ltd. (0001625791) (Filer)
6-K - Kornit Digital Ltd. (0001625791) (Filer)
ROSH HA'AYN, Israel & ENGLEWOOD, N.J., June 30, 2021 (GLOBE NEWSWIRE) -- Kornit Digital ("Kornit" or "the Company") (NASDAQ:KRNT), a worldwide market leader in digital textile printing technology, announced today that Andrew G. Backman has been appointed to the newly created position of Global Head of Investor Relations, effective June 30, 2021. Mr. Backman, who will be based at the Company's U.S. Headquarters in Englewood, New Jersey, is a global investor relations executive with 20+ years of experience leading investor relations teams for high-profile growth companies and will be responsible for managing and further expanding the Company's investor relations platform across the Amer
Third quarter revenues of $50.7 million, in line with previous guidanceThird quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 millionContinued positive cash generation from operationsSignificant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitabilityIndustry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC model ROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for t
ROSH-HA`AYIN, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 6 at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, www.kornit.com, in the "Investors" section. The dial-in inform
Second quarter revenues of $48.6 million, in line with previous guidanceSecond quarter GAAP net loss of $4.9 million; non-GAAP net income of $1.1 millionGenerated positive cash flow from operations for the second quarter of 2024Both impressions and consumables grew year-over-year during the second quarterInterest in our pilot of the all-inclusive click ("AIC") program and our Apollo system remains strong, with multiple orders added to our backlog in second quarter ROSH-HA`AYIN, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies,
SC 13G/A - Kornit Digital Ltd. (0001625791) (Subject)
SC 13G - Kornit Digital Ltd. (0001625791) (Subject)
SC 13G/A - Kornit Digital Ltd. (0001625791) (Subject)
Needham analyst James Ricchiuti reiterates Kornit Digital (NASDAQ:KRNT) with a Buy and maintains $27 price target.
Kornit Digital (NASDAQ:KRNT) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.13) by 15.38 percent. The company reported quarterly sales of $43.776 million which missed the analyst consensus estimate of $45.166 million by 3.08 percent. This is a 8.38 percent decrease over sales of $47.778 million the same period last year.