Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. has demonstrated strong growth in its packaging and in-store businesses, with increases of 9% and 11%, respectively. The company has reported a year-to-date growth of over 6% in direct mail revenue, and targeted print offerings now account for 47% of total revenue, up from 45% in the prior year, indicating a positive shift in revenue mix towards services with favorable long-term growth prospects. Additionally, the company achieved an adjusted EPS of $0.31 in Q3 2025, an improvement from $0.26 in the same quarter last year, and continues to project positive revenue growth by 2028, supported by solid performance in key areas.

Quad/Graphics Inc has experienced a significant revenue decline of 12.9% year-over-year (YOY), with an organic decline of 7% after excluding the impact of divesting its European operations, highlighting challenges within its core printing business. The company is anticipating a further organic revenue decline of 3% to 5% YOY, indicating ongoing struggles despite a reduction in debt leverage that is projected as cash flow strengthens. Additionally, the adjusted EBITDA guidance for 2025 has been narrowed to $190-200 million, reflecting an anticipated decrease of 11% to 15% YOY, which underscores weak operational performance against a backdrop of declining revenue and profitability metrics.