Needham & Company LLC Reaffirms Buy Rating for Kornit Digital (NASDAQ:KRNT)

Kornit Digital (NASDAQ:KRNT)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $20.00 price target on the industrial products company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 23.08% from the company’s previous close.

KRNT has been the subject of a number of other research reports. Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price target (down previously from $20.00) on shares of Kornit Digital in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Kornit Digital in a research note on Friday, December 26th. Barclays decreased their target price on shares of Kornit Digital from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald dropped their price target on shares of Kornit Digital from $28.50 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kornit Digital currently has a consensus rating of “Hold” and a consensus price target of $20.25.

Kornit Digital Stock Down 5.4%

KRNT stock opened at $16.25 on Wednesday. The stock has a market cap of $727.84 million, a PE ratio of -52.42 and a beta of 1.87. The firm’s 50-day simple moving average is $14.25 and its 200 day simple moving average is $14.43. Kornit Digital has a fifty-two week low of $11.93 and a fifty-two week high of $30.03.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Kornit Digital had a negative net margin of 6.49% and a negative return on equity of 1.07%. The firm had revenue of $58.86 million during the quarter, compared to analysts’ expectations of $58.16 million. During the same quarter in the prior year, the firm earned $0.18 EPS. Kornit Digital’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts forecast that Kornit Digital will post -0.2 EPS for the current fiscal year.

Kornit Digital declared that its board has initiated a share repurchase program on Monday, November 17th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 17.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Kornit Digital

A number of institutional investors and hedge funds have recently bought and sold shares of KRNT. CIBC Private Wealth Group LLC grew its stake in shares of Kornit Digital by 1,359.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,927 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 1,795 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Kornit Digital during the third quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new position in Kornit Digital in the second quarter worth approximately $31,000. State of Tennessee Department of Treasury acquired a new position in Kornit Digital in the second quarter worth approximately $35,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Kornit Digital by 64.2% in the third quarter. Fortitude Family Office LLC now owns 8,164 shares of the industrial products company’s stock valued at $110,000 after buying an additional 3,191 shares in the last quarter. 92.76% of the stock is owned by institutional investors and hedge funds.

Kornit Digital News Roundup

Here are the key news stories impacting Kornit Digital this week:

• Positive Sentiment: Q4 results modestly beat expectations — GAAP EPS $0.18 vs. consensus $0.14 and revenue $58.8M vs. $58.2M — showing the company can still deliver beats on the top and bottom line. Zacks: Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full‑year 2025 highlights: returned to revenue growth, reported positive adjusted EBITDA and operating cash flow, and ended the year with ~ $25M ARR from AIC — evidence management is shifting the model toward more recurring revenue. GlobeNewswire: Q4 & FY2025 Results
• Positive Sentiment: Analyst support: Needham reiterated a “buy” and set a $20 price target (~23% above the current level), which can provide buying interest and a catalyst if investors trust the thesis. Benzinga / TickerReport
• Neutral Sentiment: Q1 revenue guidance was set to $45.0M–$49.0M (consensus ~$46.5M) — the range overlaps consensus, leaving interpretation mixed: the top end is encouraging but the wide range adds uncertainty. Company Press Release / Slide Deck
• Neutral Sentiment: Full earnings package, slide deck and call transcripts are available for deeper due diligence — useful for investors assessing margin drivers, AIC ARR cadence and channel dynamics. Slide Deck / Conference Materials Earnings Call Transcript
• Neutral Sentiment: Reported short interest data shows zero shares (appears to be a data glitch or reporting artifact) — no reliable signal from short interest today. (Source entry reported the zero figure.)
• Negative Sentiment: Revenue was down ~3% year‑over‑year in the quarter and the company still reports negative net margin and negative ROE, signaling profitability and scaling risks remain. MarketBeat: Earnings Summary
• Negative Sentiment: Street expectations remain cautious — sell‑side consensus anticipates negative full‑year EPS (~‑$0.20), which keeps sentiment guarded until recurring revenue growth and margins clearly accelerate. Yahoo Finance: Earnings Transcript

Kornit Digital Company Profile

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.