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Stock impact report

Kornit Digital: Business Model Transition Progressing - Buy [Seeking Alpha]

Kornit Digital Ltd. - Ordinary Shares (KRNT) 
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.kornit.com
Company Research Source: Seeking Alpha
The company's balance sheet remains strong with close to $500 million in cash and no debt. Kornit's new All Inclusive Click ("AIC") lease offering is gaining traction with customers. While I applaud the company's efforts to increase recurring revenues, the shift in strategy will continue to impact financial results in the near term. With lower near-term profitability expectations more than offset by a higher EV/EBITDA multiple, I am increasing my price target from $17.50 to $18.50 and reiterating my "Buy" rating on Kornit Digital's shares. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » sergeyryzhov/iStock via Getty Images Note: I have covered Kornit Digital Ltd., or "Kornit" ( KRNT ), previously, so investors should view this as an update to my earlier articles on the company. Timely Upgrade Six months ago, I upgraded shares of More on my IG service Massively Outpe Show less Read more
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