What Are Wall Street Analysts' Target Price for Packaging Corporation of America Stock?

Wall Street analysts have set a target price for Packaging Corporation of America (PKG) stock. The company, based in Lake Forest, Illinois, manufactures corrugated packaging, containerboard, and related products. PKG's market capitalization stands at around $22.2 billion. Over the past year, the company's shares have underperformed the broader market, gaining 16.2% compared to the S&P 500's 18.7% rally.

However, PKG has outperformed the S&P 500's 12.2% gain this year with a 19.6% increase. In Q2 FY2026, PKG reported strong earnings, with net sales growing 14.7% year-over-year to $2.49 billion and corrugated products shipments rising 24.3% daily. Despite a slight dip in EPS excluding special items, analysts project a 6.5% increase in diluted EPS for the fiscal year ending in December 2026.

Among the 12 analysts covering PKG, the consensus rating is Moderate Buy, based on seven Strong Buys and five Holds. UBS analyst Anojja Shah raised PKG's price target to $292, reflecting confidence in the company's ability to navigate market conditions and maintain its competitive position. The current mean price target implies a 7.8% upside from PKG's current share price, while the Street-high target suggests a 26.6% upside.