Karat Packaging (KRT) Stock Forecast, Price Target & Predictions
KRT Stock Forecast
Karat Packaging stock forecast is as follows: an average price target of $33.00 (represents a 23.23% upside from KRT’s last price of $26.78) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
KRT Price Target
KRT Analyst Ratings
Karat Packaging Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Mar 15, 2024 | Jake Bartlett | Truist Financial | $33.00 | $25.93 | 27.27% | 23.23% |
Karat Packaging Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 1 |
Avg Price Target | - | - | $33.00 |
Last Closing Price | $26.78 | $26.78 | $26.78 |
Upside/Downside | -100.00% | -100.00% | 23.23% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
May 29, 2024 | Northcoast Research | - | Buy | Initialise |
Jan 04, 2023 | Canaccord Genuity | - | Buy | Initialise |
Jan 04, 2023 | Cowen & Co. | - | Outperform | Initialise |
Jan 04, 2023 | Evercore ISI | - | Outperform | Initialise |
Jan 04, 2023 | SMBC Nikko | - | Outperform | Initialise |
Jan 04, 2023 | Lake Street | - | Buy | Initialise |
Jan 04, 2023 | Wedbush | - | Outperform | Initialise |
Jan 04, 2023 | Oppenheimer | - | Outperform | Initialise |
Jan 04, 2023 | Needham | - | Buy | Initialise |
Jan 04, 2023 | New Street | - | Buy | Initialise |
Karat Packaging Financial Forecast
Karat Packaging Revenue Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | $95.58M | $105.53M | $108.74M | $95.80M | $92.67M | $110.00M | $114.88M | $105.41M | $91.33M | $102.71M | $94.53M | $75.67M |
Avg Forecast | $115.50M | $116.55M | $118.23M | $100.39M | $108.30M | $112.50M | $113.90M | $99.82M | $95.49M | $106.19M | $109.19M | $94.94M | $96.12M | $119.07M | $117.51M | $101.40M | $95.97M | $102.09M | $91.33M | $73.51M |
High Forecast | $115.50M | $116.55M | $118.23M | $100.39M | $108.30M | $113.14M | $113.90M | $99.82M | $95.88M | $106.28M | $109.19M | $94.94M | $96.12M | $119.07M | $117.51M | $101.40M | $95.97M | $102.09M | $91.33M | $73.51M |
Low Forecast | $115.50M | $116.55M | $118.23M | $100.39M | $108.30M | $111.43M | $113.90M | $99.82M | $94.98M | $106.11M | $109.19M | $94.94M | $96.12M | $119.07M | $117.51M | $101.40M | $95.97M | $102.09M | $91.33M | $73.51M |
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Surprise % | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.00% | 1.01% | 0.96% | 0.92% | 0.98% | 1.04% | 0.95% | 1.01% | 1.03% | 1.03% |
Karat Packaging EBITDA Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
EBITDA | - | - | - | - | - | - | - | - | $4.63M | $11.38M | $13.34M | $16.47M | $15.59M | $10.14M | $9.52M | $11.94M | $9.52M | $7.90M | $14.74M | $5.43M |
Avg Forecast | $12.25M | $12.36M | $12.54M | $10.65M | $11.48M | $11.93M | $12.08M | $10.59M | $10.13M | $11.26M | $11.58M | $10.07M | $10.19M | $12.63M | $12.46M | $8.51M | $10.18M | $10.83M | $9.69M | $4.98M |
High Forecast | $12.25M | $12.36M | $12.54M | $10.65M | $11.48M | $12.00M | $12.08M | $10.59M | $10.17M | $11.27M | $11.58M | $10.07M | $10.19M | $12.63M | $12.46M | $10.21M | $10.18M | $10.83M | $9.69M | $5.97M |
Low Forecast | $12.25M | $12.36M | $12.54M | $10.65M | $11.48M | $11.82M | $12.08M | $10.59M | $10.07M | $11.25M | $11.58M | $10.07M | $10.19M | $12.63M | $12.46M | $6.81M | $10.18M | $10.83M | $9.69M | $3.98M |
Surprise % | - | - | - | - | - | - | - | - | 0.46% | 1.01% | 1.15% | 1.64% | 1.53% | 0.80% | 0.76% | 1.40% | 0.94% | 0.73% | 1.52% | 1.09% |
Karat Packaging Net Income Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Net Income | - | - | - | - | - | - | - | - | $3.90M | $9.06M | $10.50M | $9.01M | $4.54M | $6.10M | $6.34M | $6.67M | $5.98M | $3.79M | $9.58M | $1.78M |
Avg Forecast | $11.26M | $10.86M | $11.26M | $9.65M | $9.72M | $9.92M | $11.68M | $8.70M | $7.75M | $9.54M | $6.44M | $6.19M | $5.93M | $6.84M | $7.44M | $4.44M | $5.77M | $6.64M | $6.70M | $1.63M |
High Forecast | $11.26M | $10.86M | $11.26M | $9.65M | $9.72M | $9.92M | $11.68M | $8.70M | $9.69M | $9.85M | $6.44M | $6.19M | $5.93M | $6.84M | $7.44M | $5.33M | $5.77M | $6.64M | $6.70M | $1.96M |
Low Forecast | $11.26M | $10.86M | $11.26M | $9.65M | $9.72M | $9.73M | $11.68M | $8.69M | $5.81M | $9.22M | $6.44M | $6.19M | $5.93M | $6.84M | $7.44M | $3.56M | $5.77M | $6.64M | $6.70M | $1.31M |
Surprise % | - | - | - | - | - | - | - | - | 0.50% | 0.95% | 1.63% | 1.46% | 0.77% | 0.89% | 0.85% | 1.50% | 1.04% | 0.57% | 1.43% | 1.09% |
Karat Packaging SG&A Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
SG&A | - | - | - | - | - | - | - | - | $29.18M | $27.87M | $26.06M | $25.41M | $24.85M | $26.26M | $26.16M | $24.80M | $21.17M | $24.43M | $21.23M | $17.86M |
Avg Forecast | $27.36M | $27.61M | $28.01M | $23.78M | $25.66M | $26.65M | $26.98M | $23.65M | $22.62M | $25.16M | $25.87M | $22.49M | $22.77M | $28.21M | $27.84M | $16.53M | $22.74M | $24.19M | $21.64M | $16.37M |
High Forecast | $27.36M | $27.61M | $28.01M | $23.78M | $25.66M | $26.80M | $26.98M | $23.65M | $22.72M | $25.18M | $25.87M | $22.49M | $22.77M | $28.21M | $27.84M | $19.84M | $22.74M | $24.19M | $21.64M | $19.64M |
Low Forecast | $27.36M | $27.61M | $28.01M | $23.78M | $25.66M | $26.40M | $26.98M | $23.65M | $22.50M | $25.14M | $25.87M | $22.49M | $22.77M | $28.21M | $27.84M | $13.23M | $22.74M | $24.19M | $21.64M | $13.09M |
Surprise % | - | - | - | - | - | - | - | - | 1.29% | 1.11% | 1.01% | 1.13% | 1.09% | 0.93% | 0.94% | 1.50% | 0.93% | 1.01% | 0.98% | 1.09% |
Karat Packaging EPS Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
EPS | - | - | - | - | - | - | - | - | $0.19 | $0.46 | $0.53 | $0.45 | $0.23 | $0.31 | $0.32 | $0.34 | $0.30 | $0.19 | $0.51 | $0.09 |
Avg Forecast | $0.56 | $0.54 | $0.56 | $0.48 | $0.48 | $0.49 | $0.58 | $0.43 | $0.39 | $0.47 | $0.32 | $0.31 | $0.29 | $0.34 | $0.37 | $0.27 | $0.29 | $0.33 | $0.33 | $0.11 |
High Forecast | $0.56 | $0.54 | $0.56 | $0.48 | $0.48 | $0.49 | $0.58 | $0.43 | $0.48 | $0.49 | $0.32 | $0.31 | $0.29 | $0.34 | $0.37 | $0.27 | $0.29 | $0.33 | $0.33 | $0.11 |
Low Forecast | $0.56 | $0.54 | $0.56 | $0.48 | $0.48 | $0.48 | $0.58 | $0.43 | $0.29 | $0.46 | $0.32 | $0.31 | $0.29 | $0.34 | $0.37 | $0.27 | $0.29 | $0.33 | $0.33 | $0.11 |
Surprise % | - | - | - | - | - | - | - | - | 0.49% | 0.97% | 1.66% | 1.46% | 0.78% | 0.91% | 0.86% | 1.24% | 1.05% | 0.58% | 1.53% | 0.80% |
Karat Packaging Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
MYE | Myers Industries | $11.71 | $30.00 | 156.19% | - |
SEE | Sealed Air | $36.27 | $51.70 | 42.54% | Buy |
SON | Sonoco Products Company | $50.56 | $70.17 | 38.79% | Buy |
OI | O-I Glass | $11.35 | $15.67 | 38.06% | Buy |
REYN | Reynolds Consumer Products | $26.95 | $35.00 | 29.87% | Hold |
KRT | Karat Packaging | $26.78 | $33.00 | 23.23% | Buy |
BALL | Ball | $59.46 | $70.45 | 18.48% | Buy |
GEF | Greif | $62.38 | $73.50 | 17.83% | Buy |
GPK | Graphic Packaging Company | $27.80 | $31.88 | 14.68% | Buy |
SLGN | Silgan | $53.07 | $53.40 | 0.62% | Buy |
KRT Forecast FAQ
Is Karat Packaging a good buy?
Yes, according to 10 Wall Street analysts, Karat Packaging (KRT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 100.00% of KRT's total ratings.
What is KRT's price target?
Karat Packaging (KRT) average price target is $33 with a range of $33 to $33, implying a 23.23% from its last price of $26.78. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Karat Packaging stock go up soon?
According to Wall Street analysts' prediction for KRT stock, the company can go up by 23.23% (from the last price of $26.78 to the average price target of $33), up by 23.23% based on the highest stock price target, and up by 23.23% based on the lowest stock price target.
Can Karat Packaging stock reach $40?
KRT's average twelve months analyst stock price target of $33 does not support the claim that Karat Packaging can reach $40 in the near future.
What are Karat Packaging's analysts' financial forecasts?
Karat Packaging's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $434.52M (high $435.16M, low $433.45M), average EBITDA is $46.08M (high $46.15M, low $45.97M), average net income is $40.03M (high $40.03M, low $39.83M), average SG&A $102.94M (high $103.09M, low $102.69M), and average EPS is $1.99 (high $1.99, low $1.98). KRT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $450.67M (high $450.67M, low $450.67M), average EBITDA is $47.79M (high $47.79M, low $47.79M), average net income is $43.04M (high $43.04M, low $43.04M), average SG&A $106.77M (high $106.77M, low $106.77M), and average EPS is $2.14 (high $2.14, low $2.14).
Did the KRT's actual financial results beat the analysts' financial forecasts?
Based on Karat Packaging's last annual report (Dec 2023), the company's revenue was $405.65M, which missed the average analysts forecast of $405.82M by -0.04%. Apple's EBITDA was $42.08M, missing the average prediction of $43.04M by -2.23%. The company's net income was $32.47M, beating the average estimation of $29.91M by 8.55%. Apple's SG&A was $108.44M, beating the average forecast of $96.14M by 12.79%. Lastly, the company's EPS was $1.63, beating the average prediction of $1.49 by 9.60%. In terms of the last quarterly report (Dec 2023), Karat Packaging's revenue was $95.58M, beating the average analysts' forecast of $95.49M by 0.09%. The company's EBITDA was $4.62M, missing the average prediction of $10.13M by -54.33%. Karat Packaging's net income was $3.9M, missing the average estimation of $7.75M by -49.72%. The company's SG&A was $29.18M, beating the average forecast of $22.62M by 28.96%. Lastly, the company's EPS was $0.19, missing the average prediction of $0.385 by -50.70%