Karat Packaging Inc. (KRT)
NASDAQ: KRT · Real-Time Price · USD
30.99
-0.88 (-2.76%)
At close: Feb 21, 2025, 4:00 PM
31.40
+0.41 (1.32%)
After-hours: Feb 21, 2025, 4:04 PM EST
Karat Packaging Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Karat Packaging stock have an average target of 32, with a low estimate of 28 and a high estimate of 36. The average target predicts an increase of 3.26% from the current stock price of 30.99.
Analyst Consensus: Buy
* Price targets were last updated on Dec 11, 2024.
Analyst Ratings
The average analyst rating for Karat Packaging stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 2 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| William Blair | William Blair | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Jan 2, 2025 |
| Stifel | Stifel | Strong Buy Maintains $32 → $36 | Strong Buy | Maintains | $32 → $36 | +16.17% | Dec 11, 2024 |
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $34 → $28 | Strong Buy → Hold | Downgrades | $34 → $28 | -9.65% | Aug 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $24 → $33 | Strong Buy | Maintains | $24 → $33 | +6.49% | Mar 15, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $30 → $32 | Strong Buy | Reiterates | $30 → $32 | +3.26% | Mar 15, 2024 |
Financial Forecast
Revenue This Year
427.50M
from 405.65M
Increased by 5.39%
Revenue Next Year
458.58M
from 427.50M
Increased by 7.27%
EPS This Year
1.70
from 1.63
Increased by 4.30%
EPS Next Year
1.78
from 1.70
Increased by 4.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 445.3M | 478.9M | 504.0M | |||
| Avg | 427.5M | 458.6M | 484.8M | |||
| Low | 414.3M | 443.2M | 470.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 9.8% | 12.0% | 9.9% | |||
| Avg | 5.4% | 7.3% | 5.7% | |||
| Low | 2.1% | 3.7% | 2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.83 | 1.90 | 2.06 |
| Avg | 1.70 | 1.78 | 1.98 |
| Low | 1.56 | 1.66 | 1.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.1% | 11.8% | 15.3% |
| Avg | 4.3% | 5.0% | 10.9% |
| Low | -4.4% | -2.6% | 7.6% |
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.