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

OverviewForecast
EarningsDividendOwnership

Analyst price target for PATK

Based on 6 analysts offering 12 month price targets for Patrick Industries Inc.
Min Forecast
$75.00+1.47%
Avg Forecast
$89.33+20.87%
Max Forecast
$100.00+35.3%

Should I buy or sell PATK stock?

Based on 6 analysts offering ratings for Patrick Industries Inc.
Buy
Strong Buy
3 analysts 50%
Buy
1 analysts 16.67%
Hold
1 analysts 16.67%
Sell
1 analysts 16.67%
Strong Sell
0 analysts 0%

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PATK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Truist Securities
Top 5%
96
Strong BuyMaintains$100.00+35.30%2023-09-15
Bank of America
Top 10%
91
SellMaintains$75.00+1.47%2023-08-08
DA Davidson
Top 29%
72
HoldMaintains$81.00+9.59%2023-08-01
KeyBanc
Top 4%
97
Strong BuyMaintains$95.00+28.53%2023-07-31Find out why
Baird
Top 28%
73
BuyMaintains$95.00+28.53%2023-07-28
KeyBanc
Bottom 9%
9
Strong BuyMaintains$90.00+21.77%2023-07-17Find out why

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Forecast return on equity

Is PATK forecast to generate an efficient return?
Company
25.1%
Industry
121.07%
Market
33.91%
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
9.25%
Industry
7.99%
PATK is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PATK vs Furnishings Fixture & Appliance Stocks

TickerPricePrice TargetUp/downsideConsensus
PATK$73.91$89.33+20.87%Buy
MBC$11.81$15.00+27.01%Strong Buy
MLKN$19.15N/AN/A
LZB$30.25N/AN/A
AMWD$71.91$77.00+7.08%Hold
View Top Furnishings Fixture & Appliance Stocks

Patrick Industries Stock Forecast FAQ

Is Patrick Industries Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: PATK) stock is to Buy PATK stock.

Out of 6 analysts, 3 (50%) are recommending PATK as a Strong Buy, 1 (16.67%) are recommending PATK as a Buy, 1 (16.67%) are recommending PATK as a Hold, 1 (16.67%) 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 forecast return on equity (ROE) for 2023-2023?

(NASDAQ: PATK) forecast ROE is 25.1%, which is considered strong.

What is PATK's Price Target?

According to 6 Wall Street analysts that have issued a 1 year PATK price target, the average PATK price target is $89.33, with the highest PATK stock price forecast at $100.00 and the lowest PATK stock price forecast at $75.00.

On average, Wall Street analysts predict that Patrick Industries's share price could reach $89.33 by Sep 15, 2024. The average Patrick Industries stock price prediction forecasts a potential upside of 20.87% from the current PATK share price of $73.91.

What is PATK's forecast return on assets (ROA) for 2023-2023?

(NASDAQ: PATK) forecast ROA is 9.25%, which is higher than the forecast US Furnishings Fixtures & Appliances industry average of 7.99%.
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