Karat Packaging Inc. (KRT)
NASDAQ: KRT · IEX Real-Time Price · USD
28.00
-0.32 (-1.13%)
Jul 2, 2024, 4:00 PM EDT - Market closed

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 8.32% from the current stock price of 28.00.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $26 $30.33 $32 $33
Change -7.14% +8.32% +14.29% +17.86%
* 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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 333333
Buy 000000
Hold 000000
Sell 000000
Strong Sell 000000
Total 333333

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 +17.86% Mar 15, 2024
Stifel
Stifel
Strong Buy
Reiterates
$30$32
Strong Buy Reiterates $30$32 +14.29% Mar 15, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$26$24
Strong Buy Maintains $26$24 -14.29% Nov 10, 2023
Stifel
Stifel
Strong Buy
Maintains
$24$30
Strong Buy Maintains $24$30 +7.14% Sep 6, 2023
Lake Street
Lake Street
Strong Buy
Maintains
$25$26
Strong Buy Maintains $25$26 -7.14% Aug 11, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
443.81M
from 405.65M
Increased by 9.41%
Revenue Next Year
473.68M
from 443.81M
Increased by 6.73%
EPS This Year
2.01
from 1.63
Increased by 23.62%
EPS Next Year
2.19
from 2.01
Increased by 8.77%
Year 2019202020212022202320242025202620272028
Revenue
224.91M295.52M364.24M422.96M405.65M443.81M473.68M478.74M534.29M568.63M
Revenue Growth
-31.39%23.26%16.12%-4.09%9.41%6.73%1.07%11.60%6.43%
EPS
0.111.151.131.191.632.012.19---
EPS Growth
-945.45%-1.74%5.31%36.97%23.62%8.77%---
Forward PE
-----13.9012.78---
No. Analysts -----55222
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 464.1M 498.8M 497.7M 555.5M 591.2M
Avg 443.8M 473.7M 478.7M 534.3M 568.6M
Low 429.4M 451.9M 464.5M 518.4M 551.7M

Revenue Growth

Revenue Growth 20242025202620272028
High
14.4%
12.4%
5.1%
16.0%
10.6%
Avg
9.4%
6.7%
1.1%
11.6%
6.4%
Low
5.9%
1.8%
-1.9%
8.3%
3.3%

EPS Forecast

EPS 20242025
High 2.10 2.46
Avg 2.01 2.19
Low 1.95 1.96

EPS Growth

EPS Growth 20242025
High
28.8%
21.9%
Avg
23.6%
8.8%
Low
19.6%
-2.7%
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.