Karat Packaging Inc. (KRT)
NASDAQ: KRT · IEX Real-Time Price · USD
28.53
-0.17 (-0.59%)
At close: May 17, 2024, 4:00 PM
29.01
+0.48 (1.68%)
After-hours: May 17, 2024, 7:44 PM EDT
Karat Packaging Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Karat Packaging stock have an average target of 30.33, with a low estimate of 26 and a high estimate of 33. The average target predicts an increase of 6.31% from the current stock price of 28.53.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 15, 2024.
Analyst Ratings
The average analyst rating for KRT stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 0 | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Truist Securities | Truist Securities | Strong Buy Maintains $24 → $33 | Strong Buy | Maintains | $24 → $33 | +15.67% | Mar 15, 2024 |
Stifel | Stifel | Strong Buy Reiterates $30 → $32 | Strong Buy | Reiterates | $30 → $32 | +12.16% | Mar 15, 2024 |
Truist Securities | Truist Securities | Strong Buy Maintains $26 → $24 | Strong Buy | Maintains | $26 → $24 | -15.88% | Nov 10, 2023 |
Stifel | Stifel | Strong Buy Maintains $24 → $30 | Strong Buy | Maintains | $24 → $30 | +5.15% | Sep 6, 2023 |
Lake Street | Lake Street | Strong Buy Maintains $25 → $26 | Strong Buy | Maintains | $25 → $26 | -8.87% | Aug 11, 2023 |
Financial Forecast
Revenue This Year
453.92M
from 405.65M
Increased by 11.90%
Revenue Next Year
484.76M
from 453.92M
Increased by 6.79%
EPS This Year
2.01
from 1.63
Increased by 23.37%
EPS Next Year
2.24
from 2.01
Increased by 11.20%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 478.8M | 514.5M | 497.7M | 572.3M | 609.0M |
Avg | 453.9M | 484.8M | 478.7M | 550.5M | 585.8M |
Low | 436.3M | 459.4M | 464.5M | 534.1M | 568.4M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 18.0% | 13.3% | 2.7% | 19.5% | 10.6% |
Avg | 11.9% | 6.8% | -1.2% | 15.0% | 6.4% |
Low | 7.6% | 1.2% | -4.2% | 11.6% | 3.3% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 2.11 | 2.52 |
Avg | 2.01 | 2.24 |
Low | 1.93 | 1.99 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | 29.5% | 25.3% |
Avg | 23.4% | 11.2% |
Low | 18.6% | -1.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.