Stifel analyst Patrick Ho raised his price target for Kornit Digital to $40 from $35 and maintains a Buy rating on the shares. The company experienced an inflection year in 2019 with new product ramps and new market expansion, Ho tells investors in a research note. The analyst maintains a favorable view in 2020. Some of the current classifications of Kornit, such as 3D printing, are incorrect and do not correlate to the growth trajectory of the company and the fundamentals of its industry, Ho tells investors in a research note. He believes Kornit fits within the profiles of high-growth apparel companies.