KRNT - Kornit Digital: Great Quarter And Even Better Outlook - Buy
- Leader in digital printing solutions reported strong Q1 results and guided Q2 materially above expectations as business momentum continues to build.
- Discussing new Amazon purchase agreement and related warrant impact.
- Current consensus expectations for both FY2021 and FY2022 appear way too low.
- Assuming no major market correction, I would expect the shares to ascend to new all-time highs above $125 later this year as market participants start to recognize the enormous upside to current consensus expectations.
- Investors should consider using the current weakness in technology stocks to scale into Kornit Digital's shares.
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Kornit Digital: Great Quarter And Even Better Outlook - Buy