Lake Street analyst Ryan Meyers maintained a Buy rating on Karat Packaging Inc (KRT – Research Report) today and set a price target of $35.00. The company’s shares closed last Friday at $27.66.
According to TipRanks, Meyers is an analyst with an average return of -7.9% and a 33.33% success rate. Meyers covers the Consumer Cyclical sector, focusing on stocks such as Karat Packaging Inc, BARK Inc Class A, and Xponential Fitness.
Karat Packaging Inc has an analyst consensus of Strong Buy, with a price target consensus of $33.33.
The company has a one-year high of $30.94 and a one-year low of $13.39. Currently, Karat Packaging Inc has an average volume of 50.47K.
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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.
Read More on KRT:
- Karat Packaging price target raised to $32 from $30 at Stifel
- Karat Packaging sees Q1 revenue up low-mid single digits from Q1 of of last year
- Karat Packaging price target raised to $33 from $24 at Truist
- Karat Packaging reports Q4 adjusted EPS 24c, consensus 41c
- Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results
