Needham analyst James Ricchiuti raised his price target on Kornit Digital to $46 and kept his Buy rating after the company recently unveiled two new products targeting the entry-level and high volume direct to garment market. The analyst contends that the launch will solidify Kornit's leadership position and sees its product portfolio as strong as it has ever been. Ricchiuti also cites the management's recent presentation at last week's Needham Growth Conference regarding the ongoing move to short-run textile manufacturing by major retailers and brands as well as its growing focus on sustainability.