Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc has demonstrated robust growth in key segments, with packaging and in-store marketing businesses rising by 9% and 11%, respectively. The company reported a year-to-date increase in direct mail revenue of over 6%, while targeted print offerings accounted for 47% of total revenue, reflecting a positive shift in revenue mix towards higher-growth services. Additionally, Quad's Q3 2025 adjusted EPS rose to $0.31, surpassing both the year-ago figure and analyst estimates, supporting a favorable long-term revenue growth outlook with continued expansion anticipated by 2028.

Quad/Graphics Inc has experienced a significant decline in revenue, reporting a -12.9% decrease year-over-year on a reported basis, with an organic decline of -7% after excluding the impact of divested European operations. The company's projection indicates an ongoing organic revenue decline of -3% to -5% for the upcoming year, reflecting persistent challenges in the large-scale print segment, which constituted 23% of its revenue in the first nine months of 2025, down from 24% the previous year. Additionally, the revised guidance for adjusted EBITDA shows a decline of -11% to -15% year-over-year, despite efforts to manage leverage through debt reduction, signaling potential operational difficulties ahead.