Patrick Industries (PATK) Stock Forecast & Price Target

$110.16

+4.71 (+4.47%)

(As of 02/9/2024 08:56 PM ET)

Patrick Industries Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$102.29
-7.15% Downside

High Forecast	$125.00
Average Forecast	$102.29
Low Forecast	$75.00

Type	Current Forecast 2/12/23 to 2/12/24	1 Month Ago 1/13/23 to 1/13/24	3 Months Ago 11/14/22 to 11/14/23	1 Year Ago 2/12/22 to 2/12/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$102.29	$98.86	$88.20	$70.67
Predicted Upside	-7.15% Downside	8.41% Upside	5.64% Upside	13.23% Upside

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PATK Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PATK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Patrick Industries Stock vs. The Competition

Type	Patrick Industries	Construction Companies	S&P 500
Consensus Rating Score	2.57	2.52	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-7.15% Downside	54.33% Upside	8.84% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$110.00 ➝ $115.00	+3.18%
2/9/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$101.00 ➝ $120.00	+8.55%
1/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$95.00 ➝ $125.00	+29.29%
12/7/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$105.00	+22.62%
8/7/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform ➝ Underperform	$63.00 ➝ $75.00	-11.34%
8/1/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$75.00 ➝ $81.00	-6.41%
7/28/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$85.00 ➝ $95.00	+12.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:46 AM ET.

PATK Price Target - Frequently Asked Questions

What is Patrick Industries's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Patrick Industries stock is Moderate Buy based on the current 1 sell rating, 1 hold rating and 5 buy ratings for PATK. The average twelve-month price prediction for Patrick Industries is $102.29 with a high price target of $125.00 and a low price target of $75.00. Learn more on PATK's analyst rating history.
Do Wall Street analysts like Patrick Industries more than its competitors?: Analysts like Patrick Industries more than other Construction companies. The consensus rating score for Patrick Industries is 2.57 while the average consensus rating score for construction companies is 2.53. Learn more on how PATK compares to other companies.
Does Patrick Industries's stock price have much upside?: According to analysts, Patrick Industries's stock has a predicted upside of 8.44% based on their 12-month stock forecasts.

What analysts cover Patrick Industries?: Patrick Industries has been rated by BMO Capital Markets, KeyCorp, Roth Mkm, and Truist Financial in the past 90 days.

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This page (NASDAQ:PATK) was last updated on 2/12/2024 by MarketBeat.com Staff

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Patrick Industries (PATK) Stock Forecast & Price Target

Patrick Industries Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

PATK Analyst Ratings By Month

PATK Price Targets by Month

Patrick Industries Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

PATK Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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