KRT Similar Chart Price Prediction
The price of KRT is predicted to go up 8.14%, based on the high correlation periods with AAMI. The similarity of these two price pattern on the periods is 97.29%.
KRT
AAMI
Up: 8.14%Similarity: 97.29%
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KRT Analyst's Forecast
Ryan Merkel
William Blair
Buy → Hold
2025-01-02
Price Target
n/a
Downside
0%
William Blair downgraded Karat Packaging to Market Perform from Outperform without a price target. Based on the firm's channel conversations, it believes industrial maintenance, repair, and operations sales were down 1% in Q4. Trends were unchanged in October and November, but December was soft due to extended plant shutdowns and holiday timing, the analyst tells investors in a research note. Looking to 2025, Blair says that while lower interest rates and "animal spirits" under President Trump provide optimism, it expects soft industry activity into early 2025. The companies will issue "conservative" outlooks given limited visibility and tariff uncertainty, contends William Blair. It downgraded Hillman Solutions and Karat Packaging with industrial maintenance, repair, and operations "staying sluggish" into 2025.
