Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. reported a positive trend in its business, highlighted by a 9% increase in packaging and an 11% rise in in-store marketing services. The company's targeted print offerings contributed significantly to revenue, accounting for 47% of total revenue in the first nine months of 2025, up from 45% in the previous year, while year-to-date direct mail revenue grew by over 6%. Additionally, the company posted an adjusted EPS of $0.31 for Q3/25, an increase from $0.26 in the year-ago quarter, demonstrating solid growth in key areas and indicating favorable long-term growth prospects through 2028.

Quad/Graphics Inc. has experienced a significant revenue decline of -12.9% on a reported basis year-over-year (YOY), with a less severe organic decline of -7% after excluding the impact from the divestiture of European operations. The company's substantial reliance on revenue from large-scale print, which constituted only 23% of total revenue in the first nine months of 2025, reflects a downward trend from 24% in the prior year, further emphasizing the overall weakening in market demand. Additionally, Quad's revised adjusted EBITDA guidance for 2025 indicates a projected decline of -11% to -15% YOY, suggesting persistent financial challenges amid efforts to manage leverage through seasonal cash flow generation.