Kornit Digital (NASDAQ:KRNT) received a $19.00 price objective from analysts at Barclays in a report issued on Wednesday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Barclays’ price objective would indicate a potential upside of 26.08% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Kornit Digital from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research cut shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Craig Hallum decreased their price objective on shares of Kornit Digital from $20.00 to $26.00 in a research report on Thursday, September 28th. Needham & Company LLC decreased their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Kornit Digital has a consensus rating of “Hold” and an average price target of $19.00.

Shares of Kornit Digital (KRNT) opened at $15.07 on Wednesday. Kornit Digital has a 12-month low of $12.85 and a 12-month high of $23.15. The firm has a market cap of $508.53 and a price-to-earnings ratio of -1,507.00.

A number of large investors have recently bought and sold shares of KRNT. American Capital Management Inc. acquired a new stake in Kornit Digital in the third quarter worth $16,717,000. Granahan Investment Management Inc. MA grew its holdings in Kornit Digital by 61.0% in the third quarter. Granahan Investment Management Inc. MA now owns 1,969,554 shares of the industrial products company’s stock worth $30,134,000 after purchasing an additional 746,240 shares during the period. Janus Henderson Group PLC acquired a new stake in Kornit Digital in the third quarter worth $8,850,000. Wasatch Advisors Inc. acquired a new stake in Kornit Digital in the second quarter worth $8,604,000. Finally, FMR LLC acquired a new stake in Kornit Digital in the second quarter worth $7,757,000. Institutional investors and hedge funds own 78.84% of the company’s stock.

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Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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