Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. has reported significant growth in key business segments, with packaging and in-store marketing rising by 9% and 11%, respectively, which underscores the company's robust market position. The year-to-date direct mail revenue increased by over 6%, and targeted print offerings accounted for 47% of total revenue in the first nine months of 2025, indicating a positive trend in high-margin services. Additionally, the company's adjusted EPS for Q3/25 reached $0.31, an increase from $0.26 in the same quarter the previous year, reflecting strong operational performance and supporting a favorable long-term growth outlook.

Quad/Graphics Inc has experienced a significant revenue decline of 12.9% year-over-year on a reported basis, while organic revenue decreased by 7%, influenced by the divestiture of its European operations. The company's adjusted EBITDA guidance for 2025 has been narrowed to $190-$200 million, reflecting a year-over-year decline of 11% to 15%, which emphasizes ongoing challenges in profitability amidst shrinking revenue streams. Additionally, despite a slight improvement in leverage due to seasonal cash flow generation, the overall outlook remains negative as continued top-line contractions and declining margins signal a weakening market position.