On July 16, 2025, Needham analyst Joshua Reilly announced the initiation of coverage on Karooooo (KARO, Financial) with a "Buy" rating. This announcement marks a significant step for Karooooo as the company garners attention from the financial community.
The analyst has set a price target of $60.00 USD for Karooooo (KARO, Financial), reflecting a positive outlook on the stock's potential in the current market environment. This coverage initiation provides a notable boost to Karooooo's visibility among investors, emphasizing the analyst's confidence in the company's future performance.
As Karooooo (KARO, Financial) continues to develop its business strategies and market presence, this latest "Buy" rating from Needham aligns with the company's growth objectives and could serve as an influential factor for stakeholders and potential investors evaluating the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Karooooo Ltd (KARO, Financial) is $55.50 with a high estimate of $58.00 and a low estimate of $53.00. The average target implies an upside of 12.04% from the current price of $49.54. More detailed estimate data can be found on the Karooooo Ltd (KARO) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Karooooo Ltd's (KARO, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Karooooo Ltd (KARO, Financial) in one year is $39.45, suggesting a downside of 20.37% from the current price of $49.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Karooooo Ltd (KARO) Summary page.
