Karat Packaging (KRT) Stock Forecast, Price Target & Predictions


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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


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 23.23% upside from KRT's last price of $26.78.

KRT Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 15, 2024Jake BartlettTruist Financial$33.00$25.9327.27%23.23%
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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 23.23% increase from KRT last price ($26.78).

Karat Packaging Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$33.00
Last Closing Price$26.78$26.78$26.78
Upside/Downside-100.00%-100.00%23.23%

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 $26.78. 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


DateCompanyPrevious RatingNew RatingRating Change
May 29, 2024Northcoast Research-BuyInitialise
Jan 04, 2023Canaccord Genuity-BuyInitialise
Jan 04, 2023Cowen & Co.-OutperformInitialise
Jan 04, 2023Evercore ISI-OutperformInitialise
Jan 04, 2023SMBC Nikko-OutperformInitialise
Jan 04, 2023Lake Street-BuyInitialise
Jan 04, 2023Wedbush-OutperformInitialise
Jan 04, 2023Oppenheimer-OutperformInitialise
Jan 04, 2023Needham-BuyInitialise
Jan 04, 2023New Street-BuyInitialise
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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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 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
# Analysts11111311311111111111
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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11111311311111111111
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%

1 analysts predict KRT's average Quarter EBITDA for Mar 24 to be $10.59M, with a high of $10.59M and a low of $10.59M. This is 128.87% upper than Karat Packaging's previous annual EBITDA (Dec 23) of $4.63M.

Karat Packaging Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11111311311111111111
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's average Quarter net income forecast for Mar 24 is $8.70M, with a range of $8.69M to $8.70M. 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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11111311311111111111
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's average Quarter SG&A projection for Mar 24 is $23.65M, based on 1 Wall Street analysts, with a range of $23.65M to $23.65M. The forecast indicates a -18.95% fall compared to KRT last annual SG&A of $29.18M (Dec 23).

Karat Packaging EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11111311311111111111
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%

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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MYEMyers Industries$11.71$30.00156.19%-
SEESealed Air$36.27$51.7042.54%Buy
SONSonoco Products Company$50.56$70.1738.79%Buy
OIO-I Glass$11.35$15.6738.06%Buy
REYNReynolds Consumer Products$26.95$35.0029.87%Hold
KRTKarat Packaging$26.78$33.0023.23%Buy
BALLBall$59.46$70.4518.48%Buy
GEFGreif$62.38$73.5017.83%Buy
GPKGraphic Packaging Company$27.80$31.8814.68%Buy
SLGNSilgan$53.07$53.400.62%Buy

KRT Forecast FAQ


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.

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.

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.

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.

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).

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%