KRNT - Kornit Digital: Buy This Leader In Digital Textile Printing Solutions

• Leader in digital printing solutions reported strong Q2 results and guided Q3 revenues materially above expectations as business momentum continues to build.
• Muted Q3 operating margin forecast no reason to worry as management tends to guide very conservatively.
• Current consensus expectations for both FY2021 and FY2022 remain way too low.
• Assuming no major market correction, I would expect the shares to ascend to new all-time highs above $135 rather sooner than later as market participants start to recognize the enormous upside to current consensus expectations.
• Get long this industry leader with a year-end price target of $150.

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