Morgan Stanley Raises Kornit Digital Price Target to $17, Maintains Equalweight Rating

Morgan Stanley has raised its price target for Kornit Digital Ltd. (NASDAQ:KRNT) to $17.00 from $15.00. The investment bank maintained its 'Equalweight' rating for the stock. This adjustment reflects the company's "clear progress" in recent results, citing solid near-term execution and accelerating growth. Analysts anticipate Kornit Digital will achieve profitability this year, although significant growth acceleration is not expected until 2027 and beyond. The price target increase comes despite the stock's 51% decline over the past year, signaling an improved outlook from the firm.