William Blair analyst Brian Drab has maintained their bullish stance on KRNT stock, giving a Buy rating yesterday.
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Brian Drab has given his Buy rating due to a combination of factors, including Kornit Digital’s promising outlook and strategic initiatives. Despite first-quarter revenue slightly missing expectations, the company’s adjusted EPS exceeded forecasts, indicating operational efficiency. The adjusted gross margin also surpassed expectations, showcasing strong financial management.
Additionally, the ongoing rollout of the Apollo machines is on track, with a growing pipeline and expected increase in revenue contribution from the all-inclusive click offering by 2025. The adoption of digital solutions by traditional screen printers further supports future growth prospects. Kornit’s limited exposure to global trade policy changes, due to its manufacturing base in Israel, also positions it favorably against potential tariff impacts.
In another report released yesterday, Morgan Stanley also reiterated a Buy rating on the stock with a $30.00 price target.