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 9.60% upside from KRT’s last price of $30.11) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
KRT Price Target
The average price target for Karat Packaging (KRT) is $33.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $33.00 to $33.00. This represents a potential 9.60% upside from KRT's last price of $30.11.
KRT Analyst Ratings
According to 10 Wall Street analysts, Karat Packaging's rating consensus is 'Buy'. The analyst rating breakdown for KRT stock is 0 'Strong Buy' (0.00%), 10 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
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% | 9.60% |
The latest Karat Packaging stock forecast, released on Mar 15, 2024 by Jake Bartlett from Truist Financial, set a price target of $33.00, which represents a 27.27% increase from the stock price at the time of the forecast ($25.93), and a 9.60% increase from KRT last price ($30.11).
Karat Packaging Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $33.00 |
| Last Closing Price | $30.11 | $30.11 | $30.11 |
| Upside/Downside | -100.00% | -100.00% | 9.60% |
In the current month, the average price target of Karat Packaging stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Karat Packaging's last price of $30.11. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
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's last stock rating was published by Northcoast Research on May 29, 2024. The company Initialise its KRT rating from "null" to "Buy".
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 | $108.95M | $121.60M | $121.50M | $103.90M | $102.27M | $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 | $109.62M | $122.35M | $122.25M | $104.54M | $103.06M | $113.27M | $113.90M | $99.82M | $95.88M | $106.28M | $109.87M | $95.53M | $96.71M | $119.07M | $117.51M | $101.40M | $95.97M | $102.09M | $91.33M | $73.51M |
| Low Forecast | $108.40M | $120.98M | $120.88M | $103.37M | $101.77M | $111.73M | $113.90M | $99.82M | $94.98M | $106.11M | $108.64M | $94.46M | $95.63M | $119.07M | $117.51M | $101.40M | $95.97M | $102.09M | $91.33M | $73.51M |
| # Analysts | 1 | 1 | 1 | 1 | 3 | 1 | 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's average Quarter revenue forecast for Mar 24 based on 1 analysts is $99.82M, with a low forecast of $99.82M, and a high forecast of $99.82M. KRT's average Quarter revenue forecast represents a 4.43% increase compared to the company's last Quarter revenue of $95.58M (Dec 23).
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 | 3 | 1 | 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 | $11.58M | $12.92M | $12.91M | $11.04M | $10.87M | $11.96M | $12.10M | $10.61M | $10.15M | $11.29M | $11.60M | $10.09M | $10.21M | $12.63M | $12.46M | $8.51M | $10.18M | $10.83M | $9.69M | $4.98M |
| High Forecast | $11.65M | $13.00M | $12.99M | $11.11M | $10.95M | $12.04M | $12.10M | $10.61M | $10.19M | $11.29M | $11.68M | $10.15M | $10.28M | $12.63M | $12.46M | $10.21M | $10.18M | $10.83M | $9.69M | $5.97M |
| Low Forecast | $11.52M | $12.86M | $12.85M | $10.99M | $10.82M | $11.87M | $12.10M | $10.61M | $10.09M | $11.28M | $11.55M | $10.04M | $10.16M | $12.63M | $12.46M | $6.81M | $10.18M | $10.83M | $9.69M | $3.98M |
| Surprise % | - | - | - | - | - | - | - | - | 0.46% | 1.01% | 1.15% | 1.63% | 1.53% | 0.80% | 0.76% | 1.40% | 0.94% | 0.73% | 1.52% | 1.09% |
1 analysts predict KRT's average Quarter EBITDA for Mar 24 to be $10.61M, with a high of $10.61M and a low of $10.61M. This is 129.36% upper than Karat Packaging's previous annual EBITDA (Dec 23) of $4.63M.
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 | 3 | 1 | 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 | $9.36M | $11.38M | $11.48M | $9.16M | $7.70M | $9.93M | $11.69M | $8.71M | $7.76M | $9.55M | $6.44M | $6.19M | $5.94M | $6.84M | $7.44M | $4.44M | $5.77M | $6.64M | $6.70M | $1.63M |
| High Forecast | $9.44M | $11.47M | $11.57M | $9.23M | $7.91M | $9.98M | $11.70M | $8.71M | $9.70M | $9.86M | $6.50M | $6.24M | $5.99M | $6.84M | $7.44M | $5.33M | $5.77M | $6.64M | $6.70M | $1.96M |
| Low Forecast | $9.30M | $11.30M | $11.40M | $9.10M | $7.49M | $9.89M | $11.69M | $8.70M | $5.82M | $9.23M | $6.40M | $6.15M | $5.90M | $6.84M | $7.44M | $3.56M | $5.77M | $6.64M | $6.70M | $1.31M |
| Surprise % | - | - | - | - | - | - | - | - | 0.50% | 0.95% | 1.63% | 1.45% | 0.76% | 0.89% | 0.85% | 1.50% | 1.04% | 0.57% | 1.43% | 1.09% |
Karat Packaging's average Quarter net income forecast for Mar 24 is $8.71M, with a range of $8.70M to $8.71M. KRT's average Quarter net income forecast represents a 123.39% increase compared to the company's last Quarter net income of $3.90M (Dec 23).
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 | 3 | 1 | 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 | $26.03M | $29.05M | $29.02M | $24.82M | $24.43M | $26.87M | $27.21M | $23.84M | $22.81M | $25.37M | $26.08M | $22.68M | $22.96M | $28.21M | $27.84M | $16.53M | $22.74M | $24.19M | $21.64M | $16.37M |
| High Forecast | $26.19M | $29.23M | $29.20M | $24.97M | $24.62M | $27.06M | $27.21M | $23.84M | $22.90M | $25.39M | $26.24M | $22.82M | $23.10M | $28.21M | $27.84M | $19.84M | $22.74M | $24.19M | $21.64M | $19.64M |
| Low Forecast | $25.89M | $28.90M | $28.88M | $24.69M | $24.31M | $26.69M | $27.21M | $23.84M | $22.69M | $25.35M | $25.95M | $22.56M | $22.84M | $28.21M | $27.84M | $13.23M | $22.74M | $24.19M | $21.64M | $13.09M |
| Surprise % | - | - | - | - | - | - | - | - | 1.28% | 1.10% | 1.00% | 1.12% | 1.08% | 0.93% | 0.94% | 1.50% | 0.93% | 1.01% | 0.98% | 1.09% |
Karat Packaging's average Quarter SG&A projection for Mar 24 is $23.84M, based on 1 Wall Street analysts, with a range of $23.84M to $23.84M. The forecast indicates a -18.27% fall compared to KRT last annual SG&A of $29.18M (Dec 23).
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 | 3 | 1 | 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 | $0.47 | $0.56 | $0.57 | $0.46 | $0.38 | $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 | $0.47 | $0.57 | $0.57 | $0.46 | $0.39 | $0.50 | $0.58 | $0.43 | $0.48 | $0.49 | $0.32 | $0.31 | $0.30 | $0.34 | $0.37 | $0.27 | $0.29 | $0.33 | $0.33 | $0.11 |
| Low Forecast | $0.46 | $0.56 | $0.57 | $0.45 | $0.37 | $0.49 | $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% |
According to 1 Wall Street analysts, Karat Packaging's projected average Quarter EPS for Mar 24 is $0.43, with a low estimate of $0.43 and a high estimate of $0.43. This represents a 127.63% increase compared to KRT previous annual EPS of $0.19 (Dec 23).
Karat Packaging Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MYE | Myers Industries | $12.32 | $30.00 | 143.51% | |
| OI | O-I Glass | $10.69 | $15.63 | 46.21% | Buy |
| REYN | Reynolds Consumer Products | $27.91 | $35.00 | 25.40% | Hold |
| GEF | Greif | $64.35 | $80.50 | 25.10% | Buy |
| BALL | Ball | $57.75 | $69.83 | 20.92% | Buy |
| GPK | Graphic Packaging Company | $28.74 | $34.00 | 18.30% | Buy |
| SON | Sonoco Products Company | $50.46 | $58.50 | 15.93% | Buy |
| SEE | Sealed Air | $35.54 | $41.00 | 15.36% | Buy |
| SLGN | Silgan | $53.53 | $58.00 | 8.35% | Buy |
| KRT | Karat Packaging | $31.38 | $33.00 | 5.16% | Buy |