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NASDAQ: PATK
Patrick Industries Inc Stock Forecast, Predictions & Price Target

Analyst price target for PATK

Based on 4 analysts offering 12 month price targets for Patrick Industries Inc.
Min Forecast
$115.00-2.49%
Avg Forecast
$124.00+5.14%
Max Forecast
$130.00+10.23%

Should I buy or sell PATK stock?

Based on 4 analysts offering ratings for Patrick Industries Inc.
Strong Buy
Strong Buy
3 analysts 75%
Buy
1 analysts 25%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PATK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-06Find Out Why
lockedlocked$00.00+00.00%2024-05-03
lockedlocked$00.00+00.00%2024-04-12
lockedlocked$00.00+00.00%2024-02-09Find Out Why

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Forecast return on equity

Is PATK forecast to generate an efficient return?
Company
20.44%
Industry
53.9%
Market
34.46%
PATK's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is PATK forecast to generate an efficient return on assets?
Company
7.14%
Industry
6.88%
PATK is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PATK earnings per share forecast

What is PATK's earnings per share in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$8.07+17.42%
Avg 2 year Forecast
$9.66+40.61%
PATK's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

PATK revenue forecast

What is PATK's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.8B+8.63%
Avg 2 year Forecast
$4.1B+17%
PATK's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PATK earnings growth forecast

How is PATK forecast to perform vs Furnishings Fixtures & Appliances companies and vs the US market?
Company
17.42%
Industry
28.44%
Market
35.14%
PATK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PATK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
PATK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

PATK revenue growth forecast

How is PATK forecast to perform vs Furnishings Fixtures & Appliances companies and vs the US market?
Company
8.63%
Industry
-1.41%
Market
14.62%
PATK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PATK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PATK vs Furnishings Fixture & Appliance Stocks

TickerPricePrice TargetUp/downsideConsensus
PATK$117.94$124.00+5.14%Strong Buy
MBC$16.60N/AN/A
MLKN$28.54N/AN/A
LZB$41.64N/AN/A
LEG$12.66$12.00-5.21%Sell

Patrick Industries Stock Forecast FAQ

Is Patrick Industries Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: PATK) stock is to Strong Buy PATK stock.

Out of 4 analysts, 3 (75%) are recommending PATK as a Strong Buy, 1 (25%) are recommending PATK as a Buy, 0 (0%) are recommending PATK as a Hold, 0 (0%) are recommending PATK as a Sell, and 0 (0%) are recommending PATK as a Strong Sell.

If you're new to stock investing, here's how to buy Patrick Industries stock.

What is PATK's earnings growth forecast for 2024-2025?

(NASDAQ: PATK) Patrick Industries's forecast annual earnings growth rate of 17.42% is not forecast to beat the US Furnishings Fixtures & Appliances industry's average forecast earnings growth rate of 28.44%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 35.14%.

Patrick Industries's earnings in 2024 is $147,817,000.On average, 3 Wall Street analysts forecast PATK's earnings for 2024 to be $180,706,188, with the lowest PATK earnings forecast at $176,971,858, and the highest PATK earnings forecast at $187,724,578.

In 2025, PATK is forecast to generate $216,398,500 in earnings, with the lowest earnings forecast at $202,957,599 and the highest earnings forecast at $228,943,340.

What is PATK's revenue growth forecast for 2024-2025?

(NASDAQ: PATK) Patrick Industries's forecast annual revenue growth rate of 8.63% is forecast to beat the US Furnishings Fixtures & Appliances industry's average forecast revenue growth rate of -1.41%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.62%.

Patrick Industries's revenue in 2024 is $3,501,437,000.On average, 2 Wall Street analysts forecast PATK's revenue for 2024 to be $85,207,469,279, with the lowest PATK revenue forecast at $85,092,101,549, and the highest PATK revenue forecast at $85,322,837,009.

In 2025, PATK is forecast to generate $91,768,868,922 in revenue, with the lowest revenue forecast at $91,297,317,326 and the highest revenue forecast at $92,240,420,518.

What is PATK's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: PATK) forecast ROA is 7.14%, which is higher than the forecast US Furnishings Fixtures & Appliances industry average of 6.88%.

What is PATK's Price Target?

According to 4 Wall Street analysts that have issued a 1 year PATK price target, the average PATK price target is $124.00, with the highest PATK stock price forecast at $130.00 and the lowest PATK stock price forecast at $115.00.

On average, Wall Street analysts predict that Patrick Industries's share price could reach $124.00 by May 6, 2025. The average Patrick Industries stock price prediction forecasts a potential upside of 5.14% from the current PATK share price of $117.94.

What is PATK's Earnings Per Share (EPS) forecast for 2024-2025?

(NASDAQ: PATK) Patrick Industries's current Earnings Per Share (EPS) is $6.87. On average, analysts forecast that PATK's EPS will be $8.07 for 2024, with the lowest EPS forecast at $7.90, and the highest EPS forecast at $8.38. In 2025, PATK's EPS is forecast to hit $9.66 (min: $9.06, max: $10.22).

What is PATK's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: PATK) forecast ROE is 20.44%, which is considered strong.
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