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
* 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 '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '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 | +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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 |
---|---|---|
High | 2.10 | 2.46 |
Avg | 2.01 | 2.19 |
Low | 1.95 | 1.96 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
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.