WallStreetZenWallStreetZen

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
$105.00-12.11%
Avg Forecast
$116.25-2.7%
Max Forecast
$125.00+4.63%

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%

Be the first to know when Wall Street analysts revise their PATK stock forecasts and price targets.

PATK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-09Find Out Why
lockedlocked$00.00+00.00%2024-02-09Find Out Why
lockedlocked$00.00+00.00%2024-01-09Find Out Why
lockedlocked$00.00+00.00%2023-12-07

1 of 1

Forecast return on equity

Is PATK forecast to generate an efficient return?

Forecast return on assets

Is PATK forecast to generate an efficient return on assets?

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+8.92%
Avg 2 year Forecast
$4.0B+16.44%
PATK's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PATK revenue growth forecast

How is PATK forecast to perform vs Furnishings Fixtures & Appliances companies and vs the US market?
Company
8.92%
Industry
-0.81%
Market
13.86%
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$119.47$116.25-2.70%Strong Buy
LEG$19.15$18.67-2.52%Sell
MBC$18.74N/AN/A
MLKN$24.76N/AN/A
AMWD$101.66$122.00+20.01%Buy

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 revenue growth forecast for 2024-2025?

(NASDAQ: PATK) Patrick Industries's forecast annual revenue growth rate of 8.92% is forecast to beat the US Furnishings Fixtures & Appliances industry's average forecast revenue growth rate of -0.81%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 13.86%.

Patrick Industries's revenue in 2024 is $3,468,045,000.On average, 2 Wall Street analysts forecast PATK's revenue for 2024 to be $84,548,041,800, with the lowest PATK revenue forecast at $84,036,606,108, and the highest PATK revenue forecast at $85,059,477,492.

In 2025, PATK is forecast to generate $90,386,466,320 in revenue, with the lowest revenue forecast at $89,444,171,237 and the highest revenue forecast at $91,328,761,402.

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

(NASDAQ: PATK) forecast ROA is N/A, which is lower than the forecast US Furnishings Fixtures & Appliances industry average of 8%.

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 $116.25, with the highest PATK stock price forecast at $125.00 and the lowest PATK stock price forecast at $105.00.

On average, Wall Street analysts predict that Patrick Industries's share price could fall to $116.25 by Feb 9, 2025. The average Patrick Industries stock price prediction forecasts a potential downside of 2.7% from the current PATK share price of $119.47.

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

(NASDAQ: PATK) forecast ROE is N/A, which is considered weak.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.