
Patrick Industries (PATK) Stock Forecast & Price Target
Patrick Industries (PATK) Analyst Ratings
Bulls say
Patrick Industries Inc. is forecasted to experience a substantial increase in earnings per share, projecting a growth of 28% to $6.58 in the coming year, indicating robust financial health. The company has shown resilience by scaling its operations effectively during market downturns and is now poised to capitalize on anticipated improvements in consumer confidence and potential restocking needs. Additionally, Patrick Industries has reported a 12% year-over-year increase in housing revenue, combined with an enhancement in AEBITDA margins to 12.5%, which further substantiates the positive outlook for the company’s financial performance.
Bears say
Patrick Industries Inc. faces a negative outlook primarily due to a projected slowdown in demand within its end-markets, particularly for recreational vehicles (RVs). The company’s revenue concentration on a limited number of RV OEM customers heightens financial risk, as a downturn in these relationships could significantly affect overall sales. Additionally, a potentially leveraged balance sheet could hinder the company’s ability to engage in meaningful mergers and acquisitions, further constraining growth opportunities.
This aggregate rating is based on analysts' research of Patrick Industries and is not a guaranteed prediction by Public.com or investment advice.
Patrick Industries (PATK) Analyst Forecast & Price Prediction
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