
Patrick Industries (PATK) Stock Forecast & Price Target
Patrick Industries (PATK) Analyst Ratings
Bulls say
Patrick Industries Inc is experiencing a positive financial outlook, forecasted to achieve earnings per share (EPS) growth of 28%, with projected figures of $5.29 and $6.58 over the next two years. The company has demonstrated resilience and operational improvements, positioning itself favorably to capitalize on increased earnings as market conditions begin to improve. Moreover, a projected increase in consumer confidence, coupled with lean dealer inventories, suggests a potential for augmented revenue driven by restocking opportunities in the recreational vehicle and manufactured housing sectors.
Bears say
Patrick Industries, Inc. faces a negative outlook primarily due to a slowdown in its end-markets, which is expected to adversely affect the company's revenue and earnings. The high concentration of revenue derived from a small number of RV OEM customers adds risk, as fluctuations in demand from these key clients could significantly impact overall performance. Additionally, a heavily leveraged balance sheet could restrict the firm's ability to engage in meaningful mergers and acquisitions, further limiting growth opportunities in a challenging market environment.
This aggregate rating is based on analysts' research of Patrick Industries and is not a guaranteed prediction by Public.com or investment advice.
Patrick Industries (PATK) Analyst Forecast & Price Prediction
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