Karat Packaging (KRT) Stock Forecast & Price Target

$26.60

+0.66 (+2.54%)

(As of 12:43 PM ET)

Karat Packaging - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 2 Analyst Ratings

Based on 2 Wall Street analysts who have issued ratings for Karat Packaging in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for KRT.

Consensus Price Target

$30.00
12.78% Upside

High Forecast	$32.00
Average Forecast	$30.00
Low Forecast	$28.00

According to the 2 analysts' twelve-month price targets for Karat Packaging, the average price target is $30.00. The highest price target for KRT is $32.00, while the lowest price target for KRT is $28.00. The average price target represents a forecasted upside of 12.78% from the current price of $26.60.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$30.00	$30.00	$30.33	$27.33
Forecasted Upside	12.78% Upside	11.23% Upside	25.86% Upside	20.02% Upside

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KRT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KRT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Karat Packaging Stock vs. The Competition

Type	Karat Packaging	Industrial Products Companies	S&P 500
Consensus Rating Score	2.50	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	12.78% Upside	38.15% Upside	6.57% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/9/2024	Truist Financial 1 of 5 stars	Downgrade	Buy ➝ Hold	$34.00 ➝ $28.00	+0.04%
3/15/2024	Stifel Nicolaus 4 of 5 stars	Reiterated Rating	Buy ➝ Buy	$30.00 ➝ $32.00	+23.31%
8/10/2023	Lake Street Capital 3 of 5 stars	Boost Target	Buy ➝ Buy	$22.00 ➝ $26.00	+26.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:04 PM ET.

KRT Forecast - Frequently Asked Questions

What is Karat Packaging's forecast for 2024?: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Karat Packaging is $30.00, with a high forecast of $32.00 and a low forecast of $28.00.
Should I buy or sell Karat Packaging stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KRT shares.
Does Karat Packaging's stock price have much upside?: According to analysts, Karat Packaging's stock has a predicted upside of 11.23% based on their 12-month stock forecasts.
Has Karat Packaging been downgraded by Wall Street analysts recently?: Over the previous 90 days, Karat Packaging's stock had 1 downgrade by analysts.
What analysts cover Karat Packaging?: Karat Packaging has been rated by research analysts at Truist Financial in the past 90 days.
Do Wall Street analysts like Karat Packaging more than its competitors?: Analysts like Karat Packaging less than other "industrial products" companies. The consensus rating score for Karat Packaging is 2.50 while the average consensus rating score for "industrial products" companies is 2.56. Learn more on how KRT compares to other companies.