Truist Securities Raises PKG Price Target to $280

Truist Securities has reaffirmed its Buy rating on Packaging Corporation of America with a revised price target of $280, a 18.53% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:20 PM EDT

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Truist Securities raised its price target on Packaging Corporation of America ($PKG) to $280 from $270 on October 12, 2026, and rates the stock "Buy".

Since the rating, $PKG is up 3.6% to date (from the $227.82 close on Oct 12, 2026).

PKG Packaging Corporation of America

$236 +13.92% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Truist Securities reiterated its Buy rating on Packaging Corporation of America with a new price target of $280, up from $270.
Truist Securities's $280 price target implies 18.53% upside from Packaging Corporation of America's ($PKG) current $236.22 share price.
The stock is currently trading around $236.22 as of October 16, 2026, which is 15.6% below Truist's new target.
Packaging Corporation of America has a trailing twelve-month revenue of about $9.53 billion and an EPS of $7.7.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Packaging Corporation of America alert may contain errors. Disclosures

Truist Securities has reiterated its Buy rating on Packaging Corporation of America (NYSE: PKG) on October 12, 2026, raising its price target to $280 from a previous $270. This new target reflects Truist's positive outlook for the company, despite the stock trading at approximately $236.22 as of October 16, 2026, which is 15.6% below the new target.

Other Institutional Activity in Packaging Corporation of America

Several other institutional investors have also been active in Packaging Corporation of America. Blackrock Inc. holds 7,711,541 shares valued at about $1.82 billion, having increased its stake by 4,624 shares. State Street Corporation owns 4,615,464 shares worth approximately $1.09 billion, with a 8.7% increase since last reported. Meanwhile, Price (T. Rowe) Associates Inc. reduced its holdings by 699,231 shares, bringing its total to 5,823,442 shares valued at about $1.37 billion.

Packaging Corporation of America Stock Up 1.5%

Currently, Packaging Corporation of America trades around $236.22, which is significantly below Truist's new price target of $280. The stock's recent performance indicates a gap that may attract investor interest, especially considering its strong revenue growth of 14.7% year-over-year.

12-month forecast

$PKG price target

Packaging Corporation of America daily closes and this analyst's $280 target. Not advice.

Recent Earnings

The company reported a trailing twelve-month revenue of approximately $9.53 billion, with an EPS of $7.7. The next earnings report is set for October 21, 2026, which will provide further insights into its financial performance.

Insider Buying and Selling at Packaging Corporation of America

Recent insider transactions show that CEO Mark W. Kowlzan sold 9,266 shares on May 27, 2026, at an average price of $217.08, totaling about $2.01 million. President Thomas A. Hassfurther sold 21,328 shares on August 5, 2026, valued at approximately $5.39 million, and another 7,063 shares on August 7, 2026, at a price of $254, totaling about $1.79 million. Additionally, Officer Donald R. Shirley sold 12,000 shares on August 20, 2026, at an average price of $250.71, amounting to about $3.01 million.

Analysts Set New Price Targets

On October 12, 2026, Truist Securities maintained its Buy rating on Packaging Corporation of America with a price target of $280. Prior to this, on October 5, 2026, UBS also maintained its Buy rating with a target of $289, while JP Morgan held an Overweight rating with a target of $320 as of September 23, 2026.

About Packaging Corporation of America

Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet paper products primarily in North America. The company operates through its Packaging and Paper segments, playing a crucial role in the consumer cyclical sector.

Bottom Line

Investors should keep an eye on the upcoming earnings report on October 21, 2026, for further insights into Packaging Corporation of America's performance. With Truist's latest rating and target, the gap between the stock price and the target could indicate potential opportunities ahead.