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 29.87% upside from KRT’s last price of $25.41) 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 29.87% upside from KRT's last price of $25.41.
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% | 29.87% |
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 29.87% increase from KRT last price ($25.41).
Karat Packaging Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $33.00 |
| Last Closing Price | $25.41 | $25.41 | $25.41 |
| Upside/Downside | -100.00% | -100.00% | 29.87% |
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 $25.41. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $95.58M | $105.53M | $108.74M | $95.80M | $92.67M | $110.00M | - | $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 | $116.83M | $117.89M | $119.59M | $101.55M | $109.55M | $113.14M | $115.21M | $100.97M | $95.88M | $107.41M | $110.45M | $96.03M | $97.22M | $120.44M | $117.51M | $103.94M | $98.37M | $104.65M | $93.62M | $75.35M |
| Low Forecast | $113.53M | $114.56M | $116.21M | $98.68M | $106.45M | $111.43M | $111.95M | $98.11M | $94.98M | $104.38M | $107.33M | $93.32M | $94.48M | $117.04M | $117.51M | $99.67M | $94.33M | $100.35M | $89.78M | $72.26M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.00% | 1.01% | 0.96% | 0.92% | - | 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 $98.11M, and a high forecast of $100.97M. 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 | Jul 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 | - | - | 2 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | $4.63M | $11.38M | $13.34M | $16.47M | $15.59M | $10.14M | - | $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 | $11.13M | $12.46M | $8.51M | $10.18M | $10.12M | $7.86M | $4.98M |
| High Forecast | $12.39M | $12.50M | $12.68M | $10.77M | $11.62M | $12.00M | $12.22M | $10.71M | $10.17M | $11.39M | $11.71M | $10.18M | $10.31M | $13.36M | $12.46M | $10.21M | $10.43M | $12.15M | $9.43M | $5.97M |
| Low Forecast | $12.04M | $12.15M | $12.32M | $10.46M | $11.29M | $11.82M | $11.87M | $10.40M | $10.07M | $11.07M | $11.38M | $9.90M | $10.02M | $8.91M | $12.46M | $6.81M | $10.00M | $8.10M | $6.29M | $3.98M |
| Surprise % | - | - | - | - | - | - | - | - | 0.46% | 1.01% | 1.15% | 1.64% | 1.53% | 0.91% | - | 1.40% | 0.94% | 0.78% | 1.88% | 1.09% |
1 analysts predict KRT's average Quarter EBITDA for Mar 24 to be $10.59M, with a high of $10.71M and a low of $10.40M. This is 128.87% 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 | Jul 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 | - | - | 2 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | $3.90M | $9.06M | $10.50M | $9.01M | $4.54M | $6.10M | - | $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 | $5.34M | $7.43M | $4.44M | $5.74M | $4.85M | $5.11M | $1.63M |
| High Forecast | $11.43M | $11.02M | $11.43M | $9.80M | $9.87M | $10.53M | $11.86M | $8.83M | $9.69M | $9.68M | $6.53M | $6.28M | $6.02M | $6.41M | $7.43M | $5.33M | $5.93M | $5.82M | $6.13M | $1.96M |
| Low Forecast | $11.01M | $10.62M | $11.01M | $9.44M | $9.51M | $8.91M | $11.42M | $8.51M | $5.81M | $9.33M | $6.30M | $6.05M | $5.80M | $4.27M | $7.43M | $3.56M | $5.61M | $3.88M | $4.09M | $1.31M |
| Surprise % | - | - | - | - | - | - | - | - | 0.50% | 0.95% | 1.63% | 1.46% | 0.77% | 1.14% | - | 1.50% | 1.04% | 0.78% | 1.88% | 1.09% |
Karat Packaging's average Quarter net income forecast for Mar 24 is $8.70M, with a range of $8.51M to $8.83M. KRT's average Quarter net income forecast represents a 123.17% 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 | Jul 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 | - | - | 2 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | $29.18M | $27.87M | $26.06M | $25.41M | $24.85M | $26.26M | - | $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 | $34.44M | $27.84M | $16.53M | $22.74M | $31.31M | $11.32M | $16.37M |
| High Forecast | $27.68M | $27.93M | $28.33M | $24.06M | $25.95M | $26.80M | $27.29M | $23.92M | $22.72M | $25.45M | $26.17M | $22.75M | $23.03M | $41.33M | $27.84M | $19.84M | $23.31M | $37.57M | $13.59M | $19.64M |
| Low Forecast | $26.90M | $27.14M | $27.53M | $23.38M | $25.22M | $26.40M | $26.52M | $23.24M | $22.50M | $24.73M | $25.43M | $22.11M | $22.38M | $27.55M | $27.84M | $13.23M | $22.35M | $25.05M | $9.06M | $13.09M |
| Surprise % | - | - | - | - | - | - | - | - | 1.29% | 1.11% | 1.01% | 1.13% | 1.09% | 0.76% | - | 1.50% | 0.93% | 0.78% | 1.88% | 1.09% |
Karat Packaging's average Quarter SG&A projection for Mar 24 is $23.65M, based on 1 Wall Street analysts, with a range of $23.24M to $23.92M. The forecast indicates a -18.95% 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 | Jul 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 | - | - | 2 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | $0.19 | $0.46 | $0.53 | $0.45 | $0.23 | $0.31 | - | $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 | $0.57 | $0.55 | $0.57 | $0.49 | $0.49 | $0.52 | $0.59 | $0.44 | $0.48 | $0.48 | $0.32 | $0.31 | $0.30 | $0.35 | $0.37 | $0.28 | $0.30 | $0.34 | $0.34 | $0.12 |
| Low Forecast | $0.55 | $0.53 | $0.55 | $0.47 | $0.47 | $0.44 | $0.57 | $0.42 | $0.29 | $0.46 | $0.31 | $0.30 | $0.29 | $0.33 | $0.37 | $0.27 | $0.28 | $0.32 | $0.33 | $0.11 |
| Surprise % | - | - | - | - | - | - | - | - | 0.49% | 0.97% | 1.66% | 1.46% | 0.78% | 0.91% | - | 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 $0.42 and a high estimate of $0.44. 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 | $13.75 | $30.00 | 118.18% | - |
| SEE | Sealed Air | $33.26 | $52.89 | 59.02% | Buy |
| OI | O-I Glass | $12.70 | $16.86 | 32.76% | Buy |
| KRT | Karat Packaging | $25.41 | $33.00 | 29.87% | Buy |
| SON | Sonoco Products Company | $55.07 | $70.17 | 27.42% | Buy |
| GEF | Greif | $61.12 | $73.50 | 20.26% | Buy |
| REYN | Reynolds Consumer Products | $31.95 | $35.00 | 9.55% | Hold |
| GPK | Graphic Packaging Company | $29.88 | $31.88 | 6.69% | Buy |
| BALL | Ball | $66.00 | $70.36 | 6.61% | Buy |
| SLGN | Silgan | $50.53 | $52.80 | 4.49% | 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 29.87% from its last price of $25.41. 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 29.87% (from the last price of $25.41 to the average price target of $33), up by 29.87% based on the highest stock price target, and up by 29.87% 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 $438.87M, low $427.94M), average EBITDA is $46.08M (high $46.54M, low $45.38M), average net income is $40.03M (high $41.08M, low $38.35M), average SG&A $102.94M (high $103.97M, low $101.38M), and average EPS is $1.99 (high $2.04, low $1.91). KRT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $450.67M (high $455.86M, low $442.97M), average EBITDA is $47.79M (high $48.34M, low $46.98M), average net income is $43.04M (high $43.69M, low $42.09M), average SG&A $106.77M (high $108M, low $104.94M), and average EPS is $2.14 (high $2.17, low $2.09).
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%