Kornit Digital Wins Buy Rating as Strong Execution, New Platforms Drive Raised 2026 Outlook and Higher $22 Price Target
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James Ricchiuti from Needham has reiterated a Buy rating on Kornit Digital, raising the price target to $22.00. This decision is based on Kornit’s strong execution, improved growth profile, and a robust sales outlook for Q2. Key factors include disciplined cost management, increased recurring revenue, and significant growth in AIC-related sales. The new Atlas MATRIX and Presto MAX PLUS R2R platforms are enhancing Kornit’s market position, leading to raised revenue projections for 2026 and a favorable risk-reward scenario for investors.
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