UPDATE: Goldman Sachs Starts Kornit Digital Ltd. (KRNT) at Neutral

(updating comment)

Goldman Sachs analyst Rod Hall initiates coverage on Kornit Digital Ltd. (NASDAQ: KRNT) with a Neutral rating and a price target of $83.00.

The analyst comments ". We believe Kornit is well positioned for sustained 20%+ revenue growth through FY’23 as the textile printing market
transitions to digital printing. However, our medium term (FY’22) forecasts are only slightly above consensus, and the company is trading on a high multiple of sales. The company offers differentiated technology with unique advantages as well as maintaining a leadership share in its core Direct to Garment printing end-market. We believe the digitization of garment printing should usher in real-time fashion, which has the potential to drive longer-term growth for Kornit."

For an analyst ratings summary and ratings history on Kornit Digital Ltd. click here. For more ratings news on Kornit Digital Ltd. click here.

Shares of Kornit Digital Ltd. closed at $84.10 yesterday.

You May Also Be Interested In

• Raymond James Starts SpyGlass Pharma (SGP) at Outperform
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy