A Closer Look at 10 Analyst Recommendations For Patrick Industries
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse evaluations for Patrick Industries (NASDAQ:PATK) over the last three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 9.98% to $142.7. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance. Patrick Industries has shown strong revenue growth but faces challenges with net margin and debt management.
October 23, 2024 | 1:00 pm
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Analysts have mixed views on Patrick Industries, with a recent increase in the average price target to $142.7, reflecting a 9.98% rise. The company shows strong revenue growth but faces challenges with net margin and debt management.
The increase in the average price target and the majority of analysts being bullish or somewhat bullish suggest a positive short-term outlook for PATK. The company's strong revenue growth supports this, although challenges in net margin and debt management could temper expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100