Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. has demonstrated notable progress in its packaging and in-store marketing businesses, achieving growth rates of 9% and 11%, respectively. The company's shift towards targeted print offerings has proven beneficial, contributing 47% to its total revenue in the first nine months of 2025, an increase from the previous year's 45%, while overall revenue is expected to grow at a 3% compound annual growth rate (CAGR). Additionally, Quad's third-quarter adjusted earnings per share rose to $0.31, surpassing both the prior year's $0.26 and consensus estimates, reinforcing confidence in the firm's strategic direction and financial health.

Quad/Graphics Inc has experienced a notable decline in revenue, reporting a -12.9% year-over-year decrease on a reported basis and a -4% decline on an organic basis for the first nine months of 2025, aligning with the midpoint of its guidance range. The company's outlook indicates an anticipated organic revenue decline of -3% to -5%, which, while slightly narrowed, still reflects ongoing challenges amidst reduced contributions from its previously divested European operations. Additionally, despite a projected improvement in adjusted EBITDA margins by 2028, the adjusted EBITDA guidance for 2025 suggests a significant drop of -11% to -15% year-over-year, highlighting persistent financial pressure on the company's operations.