Lake Street analyst Ryan Meyers maintained a Buy rating on Karat Packaging Inc (KRT – Research Report) today and set a price target of $26.00. The company’s shares closed yesterday at $24.79.
According to TipRanks, Meyers is an analyst with an average return of -15.0% and a 20.41% success rate. Meyers covers the Consumer Cyclical sector, focusing on stocks such as JJill, Xponential Fitness, and BARK Inc Class A.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Karat Packaging Inc with a $25.00 average price target.
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The company has a one-year high of $26.44 and a one-year low of $11.90. Currently, Karat Packaging Inc has an average volume of 68.98K.
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Karat Packaging Inc (KRT) Company Description:
Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. It offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms.
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