Patrick Industries, Inc. (PATK)
NASDAQ: PATK · IEX Real-Time Price · USD
103.40
+0.76 (0.74%)
At close: Apr 19, 2024, 4:00 PM
103.35
-0.05 (-0.05%)
After-hours: Apr 19, 2024, 4:31 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 103, 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 103.40.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 2 | 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 | 5 | 6 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $130 | Strong Buy | Maintains | $130 | +25.73% | Apr 12, 2024 |
| Keybanc | Keybanc | Buy Maintains $110 → $115 | Buy | Maintains | $110 → $115 | +11.22% | Feb 9, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $101 → $120 | Strong Buy | Maintains | $101 → $120 | +16.05% | Feb 9, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $90 → $101 | Strong Buy | Maintains | $90 → $101 | -2.32% | Jan 12, 2024 |
| Keybanc | Keybanc | Buy Maintains $95 → $110 | Buy | Maintains | $95 → $110 | +6.38% | Jan 12, 2024 |
Financial Forecast
Revenue This Year
3.88B
from 3.47B
Increased by 11.99%
Revenue Next Year
4.18B
from 3.88B
Increased by 7.52%
EPS This Year
8.08
from 6.50
Increased by 24.26%
EPS Next Year
9.79
from 8.08
Increased by 21.26%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 4.1B | 4.5B |
| Avg | 3.9B | 4.2B |
| Low | 3.7B | 3.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 18.3% | 16.3% |
| Avg | 12.0% | 7.5% |
| Low | 5.9% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 8.56 | 10.34 |
| Avg | 8.08 | 9.79 |
| Low | 7.17 | 8.82 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 31.7% | 28.0% |
| Avg | 24.3% | 21.3% |
| Low | 10.4% | 9.2% |
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.