Patrick Industries, Inc. (PATK)
NASDAQ: PATK · Real-Time Price · USD
136.45
+0.75 (0.55%)
Oct 29, 2024, 4:00 PM EDT - Market closed
Patrick Industries Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Patrick Industries stock have an average target of 140.38, with a low estimate of 114 and a high estimate of 165. The average target predicts an increase of 2.88% from the current stock price of 136.45.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $135 → $150 | Buy | Maintains | $135 → $150 | +9.93% | Oct 23, 2024 |
| Raymond James | Raymond James | Buy Initiates $160 | Buy | Initiates | $160 | +17.26% | Oct 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $150 → $165 | Strong Buy | Maintains | $150 → $165 | +20.92% | Sep 20, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $145 | Strong Buy | Reiterates | $145 | +6.27% | Sep 17, 2024 |
| Benchmark | Benchmark | Strong Buy Initiates $145 | Strong Buy | Initiates | $145 | +6.27% | Aug 29, 2024 |
Financial Forecast
Revenue This Year
3.83B
from 3.47B
Increased by 10.47%
Revenue Next Year
4.16B
from 3.83B
Increased by 8.59%
EPS This Year
7.32
from 6.50
Increased by 12.68%
EPS Next Year
9.33
from 7.32
Increased by 27.48%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 4.0B | 4.4B |
| Avg | 3.8B | 4.2B |
| Low | 3.6B | 4.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 15.3% | 14.5% |
| Avg | 10.5% | 8.6% |
| Low | 3.5% | 3.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 7.67 | 10.19 |
| Avg | 7.32 | 9.33 |
| Low | 6.81 | 8.54 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 18.0% | 39.2% |
| Avg | 12.7% | 27.5% |
| Low | 4.9% | 16.6% |
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.