Deep Dive Into Patrick Industries Stock: Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Patrick Industries (NASDAQ:PATK), with recent ratings showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 10.61% to $134.5. Analysts have adjusted their ratings and price targets, reflecting positive market conditions and company performance. Despite challenges in net margin and asset utilization, Patrick Industries shows strong revenue growth and return on equity.
August 29, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Patrick Industries (NASDAQ:PATK) has received mixed analyst ratings, with a recent increase in the average 12-month price target to $134.5, up 10.61%. Analysts have adjusted their ratings, reflecting positive market conditions and company performance. Despite challenges in net margin and asset utilization, the company shows strong revenue growth and return on equity.
The increase in the average price target and positive adjustments in analyst ratings suggest a bullish sentiment towards Patrick Industries. The company's strong revenue growth and return on equity further support a positive outlook, despite challenges in net margin and asset utilization. These factors are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100