Patrick Industries, Inc. (PATK)
NASDAQ: PATK · Real-Time Price · USD
83.50
-1.06 (-1.25%)
Dec 27, 2024, 4:00 PM EST - 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 93.25, with a low estimate of 76 and a high estimate of 110. The average target predicts an increase of 11.68% from the current stock price of 83.50.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 4, 2024.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $97 | Strong Buy | Reiterates | $97 | +15.77% | Nov 4, 2024 |
| Raymond James | Raymond James | Buy Maintains $107 → $91 | Buy | Maintains | $107 → $91 | +8.59% | Nov 1, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $100 → $103 | Buy | Maintains | $100 → $103 | +23.75% | Nov 1, 2024 |
| Keybanc | Keybanc | Buy Maintains $90 → $100 | Buy | Maintains | $90 → $100 | +19.76% | Oct 23, 2024 |
| Raymond James | Raymond James | Buy Initiates $107 | Buy | Initiates | $107 | +27.75% | Oct 1, 2024 |
Financial Forecast
Revenue This Year
3.76B
from 3.47B
Increased by 8.39%
Revenue Next Year
4.00B
from 3.76B
Increased by 6.49%
EPS This Year
4.34
from 4.33
Increased by 0.13%
EPS Next Year
5.38
from 4.34
Increased by 24.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.9B | 4.2B | 4.6B |
| Avg | 3.8B | 4.0B | 4.4B |
| Low | 3.6B | 3.8B | 4.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.0% | 12.4% | 13.7% |
| Avg | 8.4% | 6.5% | 9.0% |
| Low | 3.6% | 0.7% | 3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.59 | 5.88 | 7.11 |
| Avg | 4.34 | 5.38 | 6.60 |
| Low | 4.08 | 4.90 | 6.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.9% | 35.6% | 32.1% |
| Avg | 0.1% | 24.0% | 22.7% |
| Low | -5.7% | 13.0% | 14.8% |
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.