Kornit Digital (NASDAQ:KRNT - Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14), Zacks reports. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. Kornit Digital updated its Q1 2025 guidance to EPS.
Kornit Digital Price Performance
Shares of KRNT traded down $1.55 on Friday, hitting $27.60. 367,398 shares of the stock traded hands, compared to its average volume of 216,622. Kornit Digital has a one year low of $13.59 and a one year high of $34.28. The business has a 50 day simple moving average of $30.50 and a 200 day simple moving average of $26.26.
Wall Street Analysts Forecast Growth
Several research firms recently commented on KRNT. Morgan Stanley boosted their target price on Kornit Digital from $33.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Craig Hallum boosted their target price on Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Needham & Company LLC raised their price target on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $39.00 price objective on shares of Kornit Digital in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Kornit Digital currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
View Our Latest Stock Report on KRNT
Kornit Digital Company Profile
(
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Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
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