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Patrick Industries Inc has a consensus price target of $119.33 based on the ratings of 9 analysts. The high is $150 issued by Truist Securities on August 2, 2024. The low is $66 issued by MKM Partners on October 3, 2022. The 3 most-recent analyst ratings were released by Benchmark, Benchmark, and DA Davidson on September 17, 2024, August 29, 2024, and August 5, 2024, respectively. With an average price target of $134.67 between Benchmark, Benchmark, and DA Davidson, there's an implied -8.03% downside for Patrick Industries Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Patrick Industries (NASDAQ:PATK) was reported by Benchmark on September 17, 2024. The analyst firm set a price target for $145.00 expecting PATK to fall to within 12 months (a possible -0.97% downside). 17 analyst firms have reported ratings in the last year.
The latest analyst rating for Patrick Industries (NASDAQ:PATK) was provided by Benchmark, and Patrick Industries reiterated their buy rating.
There is no last upgrade for Patrick Industries
There is no last downgrade for Patrick Industries.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Patrick Industries, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Patrick Industries was filed on September 17, 2024 so you should expect the next rating to be made available sometime around September 17, 2025.
While ratings are subjective and will change, the latest Patrick Industries (PATK) rating was a reiterated with a price target of $145.00 to $145.00. The current price Patrick Industries (PATK) is trading at is $146.42, which is out of the analyst’s predicted range.
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