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
Target Low Average Median High
Price $28 $30 $32 $32
Change +9.85% +17.69% +25.54% +25.54%
* 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 '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 333221
Buy 000000
Hold 000111
Sell 000000
Strong Sell 000000
Total 333332

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Truist Securities
Truist Securities
Hold
Downgrades
$34$28
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
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
224.91M295.52M364.24M422.96M405.65M433.23M463.98M478.74M
Revenue Growth
28.20%31.39%23.26%16.12%-4.09%6.80%7.10%3.18%
EPS
0.111.131.121.191.631.902.10-
EPS Growth
7,668.36%927.27%-0.88%6.25%36.97%16.86%10.50%-
Forward PE
-----13.3812.11-
No. Analysts -----552
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
High
11.1%
13.2%
7.3%
Avg
6.8%
7.1%
3.2%
Low
3.5%
1.9%
0.1%

EPS Forecast

EPS 20242025
High 1.98 2.35
Avg 1.90 2.10
Low 1.84 1.89

EPS Growth

EPS Growth 20242025
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.