Needham analyst James Ricchiuti raised the firm’s price target on Kornit Digital (KRNT) to $30 from $28 and keeps a Buy rating on the shares. The company’s Q1 revenue missed consensus estimates, but its Q2 outlook was “solid”, the analyst tells investors in a research note. Demand remains healthy, driven by positive market response to the new Apollo high-volume production system and the uptake of the All-Inclusive Click program, the firm added.
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