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Kornit Digital downgraded at Barclays ahead of ‘another transition year’
The Fly

Kornit Digital downgraded at Barclays ahead of ‘another transition year’

As previously reported, Barclays analyst Tavy Rosner downgraded Kornit Digital to Equal Weight from Overweight with a price target of $28, down from $34. Both Kornit’s Q4 results and Q1 guidance missed the firm’s forecasts as macro headwinds continue to hurt new machines sales. While the firm sees the long-term value proposition as unchanged, it thinks 2023 will be "’another transition year" and struggles to see an inflection point in the foreseeable future.

Published first on TheFly

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