Key Highlights

● Packaging Corporation of America closed at $230.74 on 9 October 2026.

● Market data consensus target is $270.43, implying about 17.2 per cent upside.

● Targets range from $245.00 to $320.00.

● Wells Fargo lowered its target from $246 to $245 on 7 October.

Packaging Corporation of America (NYSE:PKG), a member of the S&P 500, finished Friday 9 October 2026 at $230.74. Analyst targets sit well above that level, with the consensus implying upside of about 17.2 per cent, and ratings lean positive. Recent broker revisions have mostly been downward.

What Is the Latest Analyst Price Target?

Market data shows a consensus price target of $270.43 from 10 ratings in the last 12 months, with a high of $320.00 and a low of $245.00. Against the $230.74 close, the consensus target suggests upside of about 17.2 per cent.

The second data set, using third-party data from 11 analysts, shows a lower mean of $258.80, a median of $265.00, a high of $320.00 and a low of $167.00. The very low $167 estimate pulls its mean down.

What Are Wall Street Analysts Saying?

Market data records seven Buy and three Hold ratings with no Sell ratings, a consensus of "Moderate Buy". The second data set also shows a "Buy" consensus, with six Strong Buy, one Buy, three Hold and one Strong Sell rating.

The recent broker actions on market data are mostly small reductions. Wells Fargo lowered its target from $246 to $245 on 7 October with an Equal Weight rating. UBS cut its target from $292 to $289 on 5 October, keeping a Buy rating. Citigroup lowered its target from $254 to $253 on 2 October with a Neutral rating. Bank of America reduced its target from $280 to $260 on 11 September while remaining at Buy. Against that trend, JPMorgan raised its target from $312 to $320 on 23 September with an Overweight rating, and Truist raised its target from $258 to $270 on 15 July with a Buy rating.

What Could Help the Stock Reach the Price Target?

The gap between price and target is large enough that a rerating would be required. Analysts with Buy or Overweight ratings, including JPMorgan, UBS, Truist and Bank of America, all hold targets between $260 and $320, which implies they see the shares as undervalued.

What Could Prevent the Stock Reaching the Target?

The direction of recent revisions is cautious. Four brokers cut their targets between 11 September and 7 October, albeit mostly by small amounts, and Bank of America's reduction of $20 was larger. Wells Fargo and Citigroup, at $245 and $253, are the closest to the share price.

Packaging demand tends to follow broader industrial and consumer activity, and input costs and pricing can move earnings quickly. A weaker economy or margin pressure could lead further analysts to lower targets.

What Should Investors Watch Next?

Investors may also watch for further target changes and any shift in the three Hold ratings.

Packaging Corporation of America and the Gap to Analyst Targets

Packaging Corporation of America closed at $230.74 on 9 October 2026, against a market data consensus target of $270.43. Wells Fargo lowered its target from $246 to $245 on 7 October with an Equal Weight rating.