Karat Packaging Inc. (KRT)
NASDAQ: KRT · Real-Time Price · USD
29.60
+1.05 (3.68%)
Nov 21, 2024, 4:00 PM EST - Market closed
Karat Packaging Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Karat Packaging stock have an average target of 30, with a low estimate of 28 and a high estimate of 32. The average target predicts an increase of 1.35% from the current stock price of 29.60.
Analyst Consensus: Buy
* Price targets were last updated on Aug 9, 2024.
Analyst Ratings
The average analyst rating for KRT stock from 2 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $34 → $28 | Strong Buy → Hold | Downgrades | $34 → $28 | -5.41% | Aug 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $24 → $33 | Strong Buy | Maintains | $24 → $33 | +11.49% | Mar 15, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $30 → $32 | Strong Buy | Reiterates | $30 → $32 | +8.11% | Mar 15, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $26 → $24 | Strong Buy | Maintains | $26 → $24 | -18.92% | Nov 10, 2023 |
| Stifel | Stifel | Strong Buy Maintains $24 → $30 | Strong Buy | Maintains | $24 → $30 | +1.35% | Sep 6, 2023 |
Financial Forecast
Revenue This Year
430.48M
from 405.65M
Increased by 6.12%
Revenue Next Year
459.99M
from 430.48M
Increased by 6.86%
EPS This Year
1.76
from 1.63
Increased by 7.86%
EPS Next Year
2.10
from 1.76
Increased by 19.72%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 450.7M | 480.9M | 497.7M | ||
| Avg | 430.5M | 460.0M | 478.7M | ||
| Low | 414.5M | 441.7M | 464.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.1% | 11.7% | 8.2% | ||
| Avg | 6.1% | 6.9% | 4.1% | ||
| Low | 2.2% | 2.6% | 1.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.98 | 2.35 |
| Avg | 1.76 | 2.10 |
| Low | 1.51 | 1.89 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 21.2% | 33.8% |
| Avg | 7.9% | 19.7% |
| Low | -7.4% | 7.5% |
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.