Morgan Stanley has increased its price target for Kornit Digital Ltd. (NASDAQ:KRNT) to $17.00 from $15.00, while maintaining an Equalweight rating. This adjustment reflects the company’s “clear progress” in recent results, including solid near-term execution and accelerating growth, despite the stock’s 51% decline over the past year. Analysts expect Kornit Digital to achieve profitability this year, although significant growth acceleration is not anticipated until 2027 and beyond.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morgan Stanley raises Kornit Digital stock price target to $17 on solid execution
Morgan Stanley has increased its price target for Kornit Digital Ltd. (NASDAQ:KRNT) to $17.00 from $15.00, while maintaining an Equalweight rating. This adjustment reflects the company’s “clear progress” in recent results, including solid near-term execution and accelerating growth, despite the stock’s 51% decline over the past year. Analysts expect Kornit Digital to achieve profitability this year, although significant growth acceleration is not anticipated until 2027 and beyond.