Kornit Digital price target raised to $27 from $23 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Kornit Digital to $27 from $23 and keeps a Buy rating on the shares. Kornit held an Investor Event in Las Vegas in conjunction with PRINTING United Expo 2024, highlighted by management/company presentations, customer panels and an in-person technology and experience tour. Throughout the day, management made new announcements including long-term financial targets, new customer wins, expectations for AIC and a new $100M share repurchase plan, among many other updates on various technologies and aspects of the business, the firm notes. Craig-Hallum says overall, the event was overwhelmingly positive and highlighted many catalysts, which should provide continued positive momentum in the stock.