Karat Packaging Inc. (KRT)
NASDAQ: KRT · Real-Time Price · USD
25.49
+0.27 (1.07%)
Oct 4, 2024, 4:00 PM EDT - 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 17.69% from the current stock price of 25.49.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 2 | 2 | 1 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 0 | 0 | 0 | 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 | +9.85% | Aug 9, 2024 |
Truist Securities | Truist Securities | Strong Buy Maintains $24 → $33 | Strong Buy | Maintains | $24 → $33 | +29.46% | Mar 15, 2024 |
Stifel | Stifel | Strong Buy Reiterates $30 → $32 | Strong Buy | Reiterates | $30 → $32 | +25.54% | Mar 15, 2024 |
Truist Securities | Truist Securities | Strong Buy Maintains $26 → $24 | Strong Buy | Maintains | $26 → $24 | -5.85% | Nov 10, 2023 |
Stifel | Stifel | Strong Buy Maintains $24 → $30 | Strong Buy | Maintains | $24 → $30 | +17.69% | Sep 6, 2023 |
Financial Forecast
Revenue This Year
433.23M
from 405.65M
Increased by 6.80%
Revenue Next Year
463.98M
from 433.23M
Increased by 7.10%
EPS This Year
1.90
from 1.63
Increased by 16.86%
EPS Next Year
2.10
from 1.90
Increased by 10.50%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 450.7M | 490.4M | 497.7M | ||
Avg | 433.2M | 464.0M | 478.7M | ||
Low | 420.0M | 441.7M | 464.5M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 11.1% | 13.2% | 7.3% | ||
Avg | 6.8% | 7.1% | 3.2% | ||
Low | 3.5% | 1.9% | 0.1% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 1.98 | 2.35 |
Avg | 1.90 | 2.10 |
Low | 1.84 | 1.89 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | 21.7% | 23.5% |
Avg | 16.9% | 10.5% |
Low | 13.2% | -0.8% |
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.