Patrick Industries, Inc. (PATK)
NASDAQ: PATK · Real-Time Price · USD
141.61
+6.76 (5.00%)
Nov 25, 2024, 11:29 AM EST - Market open
Patrick Industries Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Patrick Industries stock have an average target of 139.88, with a low estimate of 114 and a high estimate of 165. The average target predicts a decrease of -1.22% from the current stock price of 141.61.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PATK stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $145 | Strong Buy | Reiterates | $145 | +2.39% | Nov 4, 2024 |
| Raymond James | Raymond James | Buy Maintains $160 → $136 | Buy | Maintains | $160 → $136 | -3.96% | Nov 1, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $150 → $155 | Buy | Maintains | $150 → $155 | +9.46% | Nov 1, 2024 |
| Keybanc | Keybanc | Buy Maintains $135 → $150 | Buy | Maintains | $135 → $150 | +5.92% | Oct 23, 2024 |
| Raymond James | Raymond James | Buy Initiates $160 | Buy | Initiates | $160 | +12.99% | Oct 1, 2024 |
Financial Forecast
Revenue This Year
3.77B
from 3.47B
Increased by 8.82%
Revenue Next Year
4.05B
from 3.77B
Increased by 7.42%
EPS This Year
6.82
from 6.50
Increased by 4.97%
EPS Next Year
8.26
from 6.82
Increased by 21.16%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.0B | 4.4B | 4.6B |
| Avg | 3.8B | 4.1B | 4.4B |
| Low | 3.6B | 3.8B | 4.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.6% | 15.9% | 12.3% |
| Avg | 8.8% | 7.4% | 7.7% |
| Low | 3.7% | 0.4% | 2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.56 | 9.27 | 10.50 |
| Avg | 6.82 | 8.26 | 10.20 |
| Low | 6.13 | 7.35 | 9.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.4% | 36.0% | 27.1% |
| Avg | 5.0% | 21.2% | 23.5% |
| Low | -5.6% | 7.8% | 18.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.