Karat Packaging Stock Jumps on Upgrade: Buy the Dip?
Update: 2025-10-09
Description
Karat Packaging stock unexpectedly surged over seven percent after BofA Securities upgraded its rating to Buy, a rare event for the typically stable stock. This jump contrasts sharply with a fourteen percent drop four months prior, triggered by management share sales. Despite the recent boost, Karat's shares remain down year-to-date and significantly below their February peak, underscoring the powerful impact of analyst ratings on investor behavior, even for companies outside the tech spotlight.
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