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Karat Packaging Inc has a consensus price target of $30 based on the ratings of 3 analysts. The high is $36 issued by Stifel on December 11, 2024. The low is $26 issued by Lake Street on August 11, 2023. The 3 most-recent analyst ratings were released by Stifel, Truist Securities, and Truist Securities on December 11, 2024, August 9, 2024, and March 15, 2024, respectively. With an average price target of $32.33 between Stifel, Truist Securities, and Truist Securities, there's an implied 7.38% upside for Karat Packaging Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Karat Packaging (NASDAQ:KRT) was reported by Stifel on December 11, 2024. The analyst firm set a price target for $36.00 expecting KRT to rise to within 12 months (a possible 19.56% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Karat Packaging (NASDAQ:KRT) was provided by Stifel, and Karat Packaging maintained their buy rating.
There is no last upgrade for Karat Packaging
The last downgrade for Karat Packaging Inc happened on August 9, 2024 when Truist Securities changed their price target from $34 to $28 for Karat Packaging Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Karat Packaging, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Karat Packaging was filed on December 11, 2024 so you should expect the next rating to be made available sometime around December 11, 2025.
While ratings are subjective and will change, the latest Karat Packaging (KRT) rating was a maintained with a price target of $32.00 to $36.00. The current price Karat Packaging (KRT) is trading at is $30.11, which is out of the analyst’s predicted range.
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