Karat Packaging Inc. (KRT)
NASDAQ: KRT · IEX Real-Time Price · USD
26.65
-0.40 (-1.48%)
Apr 25, 2024, 10:56 AM EDT - Market open
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 13.81% from the current stock price of 26.65.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 | +23.83% | Mar 15, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $30 → $32 | Strong Buy | Reiterates | $30 → $32 | +20.08% | Mar 15, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $26 → $24 | Strong Buy | Maintains | $26 → $24 | -9.94% | Nov 10, 2023 |
| Stifel | Stifel | Strong Buy Maintains $24 → $30 | Strong Buy | Maintains | $24 → $30 | +12.57% | Sep 6, 2023 |
| Lake Street | Lake Street | Strong Buy Maintains $25 → $26 | Strong Buy | Maintains | $25 → $26 | -2.44% | Aug 11, 2023 |
Financial Forecast
Revenue This Year
453.92M
from 405.65M
Increased by 11.90%
Revenue Next Year
484.76M
from 453.92M
Increased by 6.79%
EPS This Year
2.01
from 1.63
Increased by 23.37%
EPS Next Year
2.24
from 2.01
Increased by 11.20%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 478.8M | 514.5M | 497.7M | 529.2M | 562.8M |
| Avg | 453.9M | 484.8M | 478.7M | 509.0M | 541.4M |
| Low | 436.3M | 459.4M | 464.5M | 493.9M | 525.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.0% | 13.3% | 2.7% | 10.5% | 10.6% |
| Avg | 11.9% | 6.8% | -1.2% | 6.3% | 6.3% |
| Low | 7.6% | 1.2% | -4.2% | 3.2% | 3.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.11 | 2.52 |
| Avg | 2.01 | 2.24 |
| Low | 1.93 | 1.99 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 29.5% | 25.3% |
| Avg | 23.4% | 11.2% |
| Low | 18.6% | -1.2% |
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.