Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. has demonstrated notable growth in key areas, with packaging and in-store businesses increasing by 9% and 11%, respectively, contributing to a positive revenue outlook. The company's year-to-date direct mail revenue rose over 6%, and targeted print offerings accounted for 47% of total revenue in the first nine months of 2025, showing an upward trend from 45% in the previous year. Additionally, Q3/25 adjusted EPS increased to $0.31, surpassing both estimates and consensus, and the company's long-term forecast indicates the potential for sustained revenue growth through 2028 and beyond.

Quad/Graphics Inc. is facing a negative financial outlook, primarily illustrated by a reported revenue decline of 12.9% year-over-year and an organic decline of 4% for the first nine months of 2025, aligning with the midpoint of the company's guidance range. The revenue contribution from large-scale print has decreased slightly, and the outlook for organic revenue growth has further narrowed, indicating ongoing challenges in maintaining revenue levels following the divestiture of European operations. Additionally, the adjusted EBITDA guidance has been reduced to a range of $190-200 million, reflecting an anticipated decline of 11% to 15% year-over-year, raising concerns about profitability moving forward.