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Patrick Industries Inc has a consensus price target of $124.9 based on the ratings of 10 analysts. The high is $165 issued by Truist Securities on September 20, 2024. The low is $66 issued by MKM Partners on October 3, 2022. The 3 most-recent analyst ratings were released by Raymond James, Truist Securities, and Benchmark on October 1, 2024, September 20, 2024, and September 17, 2024, respectively. With an average price target of $156.67 between Raymond James, Truist Securities, and Benchmark, there's an implied 10.76% upside 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 Raymond James on October 1, 2024. The analyst firm set a price target for $160.00 expecting PATK to rise to within 12 months (a possible 13.11% upside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for Patrick Industries (NASDAQ:PATK) was provided by Raymond James, and Patrick Industries initiated their outperform 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 October 1, 2024 so you should expect the next rating to be made available sometime around October 1, 2025.
While ratings are subjective and will change, the latest Patrick Industries (PATK) rating was a initiated with a price target of $0.00 to $160.00. The current price Patrick Industries (PATK) is trading at is $141.45, which is within the analyst’s predicted range.
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