Morgan Stanley raised the firm’s price target on Kornit Digital to $26 from $20 and keeps an Overweight rating on the shares. The firm is raising its calendar year 2024-2030 revenue compound annual growth rate by 2 points and its adjusted EBITDA margin estimates by up to 13 points following Kornit’s analyst day, stating that better order visibility and a path to greater recurring revenues and higher margins leave the firm with “even greater conviction in reaccelerating fundamentals.”
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