Patrick Industries, Inc. (PATK)
NASDAQ: PATK · IEX Real-Time Price · USD
107.13
-3.07 (-2.79%)
At close: Jul 2, 2024, 4:00 PM
105.45
-1.68 (-1.57%)
After-hours: Jul 2, 2024, 4:03 PM EDT
Patrick Industries Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Patrick Industries stock have an average target of 106.71, with a low estimate of 75 and a high estimate of 130. The average target predicts a decrease of -0.39% from the current stock price of 107.13.
Analyst Consensus: Buy
* Price targets were last updated on May 6, 2024.
Analyst Ratings
The average analyst rating for PATK stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Reiterates $120 → $126 | Strong Buy | Reiterates | $120 → $126 | +17.61% | May 6, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $120 → $125 | Buy | Maintains | $120 → $125 | +16.68% | May 3, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $130 | Strong Buy | Maintains | $130 | +21.35% | Apr 12, 2024 |
| Keybanc | Keybanc | Buy Maintains $110 → $115 | Buy | Maintains | $110 → $115 | +7.35% | Feb 9, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $101 → $120 | Strong Buy | Maintains | $101 → $120 | +12.01% | Feb 9, 2024 |
Financial Forecast
Revenue This Year
3.91B
from 3.47B
Increased by 12.83%
Revenue Next Year
4.21B
from 3.91B
Increased by 7.69%
EPS This Year
8.02
from 6.50
Increased by 23.45%
EPS Next Year
9.83
from 8.02
Increased by 22.45%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 4.1B | 4.5B |
| Avg | 3.9B | 4.2B |
| Low | 3.7B | 4.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 17.6% | 13.7% |
| Avg | 12.8% | 7.7% |
| Low | 7.1% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 8.43 | 10.73 |
| Avg | 8.02 | 9.83 |
| Low | 7.25 | 8.88 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 29.7% | 33.7% |
| Avg | 23.4% | 22.5% |
| Low | 11.6% | 10.7% |
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.