Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. has demonstrated positive performance with significant growth in its packaging and in-store marketing businesses, reporting increases of 9% and 11%, respectively, alongside a 6% rise in year-to-date direct mail revenue. The company has shown a favorable shift towards services, particularly targeted print offerings, which accounted for 47% of total revenue in the first nine months of 2025, up from 45% year-over-year, indicating strong demand and market positioning. Additionally, the company's adjusted earnings per share (EPS) for Q3/25 rose to $0.31 from $0.26 in the previous year, surpassing both internal estimates and broader market expectations, underscoring a solid growth trajectory.

Quad/Graphics, Inc. experienced a revenue decline of 12.9% year-over-year (YOY) on a reported basis, with organic revenue falling by 7% following the divestiture of its European operations. The company forecasts a continued organic revenue decline between 3% to 5% YOY for 2025, indicating weak demand and operational challenges despite a narrowing of previous estimates. Additionally, the adjusted EBITDA guidance for 2025 has been lowered to a range of $190-200 million, representing a significant decline of 11% to 15% YOY, which raises concerns about the company’s profitability and operational efficiency moving forward.