Kornit Digital

KRNT · NASDAQ

$17.55+$0.07 (+0.40%)TodayMarket closed · Oct 20, 7:17 PM ET

Prev close $17.48

KRNT analyst rating

BuyConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold2
Underperform0
Sell0

12-month price target · 6 analysts

Average $25.50 (+45.3% upside)

Low: $19.19
Now: $17.55
High: $30.45

Upgrades and downgrades

The latest rating actions, newest first

KRNT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Aug 13, 2026	Maintains	Equal-Weight	$18.00 → $19.00	63%
Needham	Aug 12, 2026	Maintains	Buy	$22.00 → $23.00	59%
Morgan Stanley	Jun 23, 2026	Maintains	Equal-Weight	$17.00 → $18.00	63%
Needham	May 14, 2026	Maintains	Buy	$20.00 → $22.00	59%
Needham	Feb 11, 2026	Maintains	Buy	$20.00	59%
Cantor Fitzgerald	Nov 6, 2025	Maintains	Overweight	$28.50 → $26.00	47%
Barclays	Nov 6, 2025	Maintains	Equal-Weight	$22.00 → $18.00	29%
Morgan Stanley	Nov 6, 2025	Downgrade	Overweight → Equal-Weight	$20.00 → $15.00	63%
Needham	Nov 6, 2025	Maintains	Buy	$25.00 → $20.00	59%

The case for and against

Updated Oct 16, 2026

Bull case

Kornit Digital is supported by a clear recovery in demand, with Q2 revenue rising 11% year over year to $55.3MM, adjusted EBITDA turning positive at $0.3MM, and gross margin improving to 47.4%. Its outlook is strengthened by accelerating adoption of its digital textile platform, as ARR surged 79% to $33.8MM, AIC revenue more than doubled to $6.5MM, and total AIC contracted value reached $142MM, signaling durable recurring revenue growth. The company also benefits from a broadening customer base, 244MM impressions up 15% year over year, $450.9MM in cash and marketable securities, and debt-free status, which together support operating leverage and a favorable risk-reward profile.

Bear case

Kornit Digital is facing a fragile fundamental backdrop because its revenue base remains exposed to quarterly variability from high customer concentration, while competition in DTG and weak adoption of new products can pressure demand and limit operating leverage. Although Q1 revenue rose 4.5% year over year to $48.5MM and seasonal adjusted EBITDA loss improved to $(2.8)MM, gross margin still fell to 41.0% from 45.2% a year ago, reflecting 190 bps of FX and tariff drag. With equipment and consumables pricing pressure, broader macro and tariff/trade risks, and U.S.-led concentration, the business appears vulnerable to margin headwinds despite reduced op-ex of $25.5MM.

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