Needham analyst James Ricchiuti reiterated a Buy rating on Kornit Digital (NASDAQ:KRNT) on Thursday, setting a price target of $142, which is approximately 13.02% above the present share price of $125.64.
Ricchiuti expects Kornit Digital to post earnings per share (EPS) of $0.11 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Kornit Digital, with an average price target of $128.4.
The analysts price targets range from a high of $147 to a low of $105.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $66.12 million and a net profit of $3.11 million. The company's market cap is $5.81 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.1% and a 64.62% success rate.
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. The company was founded by Ofer Ben-Zur on January 16, 2002 and is headquartered in Rosh HaAyin, Israel.