Somewhat Positive Media Coverage Somewhat Unlikely to Affect Kornit Digital (KRNT) Stock Price
Media stories about Kornit Digital (NASDAQ:KRNT) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.7471350126507 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Kornit Digital Ltd. – Value Analysis (NASDAQ:KRNT) : November 10, 2017 (finance.yahoo.com)
- Analysts Offer Predictions for Kornit Digital Ltd.’s Q2 2018 Earnings (KRNT) (americanbankingnews.com)
- Kornit Digital Ltd. breached its 50 day moving average in a Bullish Manner : KRNT-US : November 9, 2017 (finance.yahoo.com)
- Kornit Digital Ltd. (KRNT) Given New $17.00 Price Target at Barclays PLC (americanbankingnews.com)
- Kornit Digital Reports 2017 Third Quarter Results (finance.yahoo.com)
Shares of Kornit Digital (NASDAQ:KRNT) opened at $15.70 on Friday. Kornit Digital has a one year low of $11.00 and a one year high of $23.15. The firm has a market cap of $529.64, a P/E ratio of 78.50, a P/E/G ratio of 5.12 and a beta of 0.06.
A number of brokerages have issued reports on KRNT. Barclays PLC cut their price target on shares of Kornit Digital from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Investment Research lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Craig Hallum cut their target price on shares of Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Needham & Company LLC cut their target price on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Finally, Canaccord Genuity restated a “buy” rating and set a $18.00 target price (down from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.67.
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About Kornit Digital
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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