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Patrick Industries (PATK) Stock Forecast, Price Target & Predictions

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PATK Stock Forecast

Patrick Industries stock forecast is as follows: an average price target of $143.00 (represents a 72.29% upside from PATK’s last price of $83.00) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

PATK Price Target

The average price target for Patrick Industries (PATK) is $143.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $165.00 to $114.00. This represents a potential 72.29% upside from PATK's last price of $83.00.

PATK Analyst Ratings

Buy

According to 5 Wall Street analysts, Patrick Industries's rating consensus is 'Buy'. The analyst rating breakdown for PATK stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Patrick Industries Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 23, 2024Noah ZatzkinKeyBanc$150.00$134.9111.19%80.72%
Sep 20, 2024Michael SwartzTruist Financial$165.00$146.4212.69%98.80%
Aug 05, 2024Brandon RolleD.A. Davidson$114.00$120.59-5.47%37.35%
Aug 02, 2024Noah ZatzkinKeyBanc$135.00$125.817.30%62.65%
May 06, 2024Scott StemberRoth Capital$126.00$111.1313.38%51.81%
May 03, 2024Tristan Thomas-MartinBMO Capital$125.00$110.3413.29%50.60%
Sep 23, 2022Michael SwartzTruist Financial$65.00$45.6642.36%-21.69%

The latest Patrick Industries stock forecast, released on Oct 23, 2024 by Noah Zatzkin from KeyBanc, set a price target of $150.00, which represents a 11.19% increase from the stock price at the time of the forecast ($134.91), and a 80.72% increase from PATK last price ($83.00).

Patrick Industries Price Target by Period

1M3M12M
# Anlaysts-26
Avg Price Target-$157.50$135.83
Last Closing Price$83.00$83.00$83.00
Upside/Downside-100.00%89.76%63.65%

In the current month, the average price target of Patrick Industries stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Patrick Industries's last price of $83.00. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 04, 2024Bank of America SecuritiesUnderperformUnderperformHold
Oct 23, 2024Raymond JamesUnderperformUnderperformHold
Oct 23, 2024Truist FinancialBuyBuyHold
Oct 23, 2024KeyBancOverweightOverweightHold
Oct 01, 2024Raymond JamesOutperformInitialise
Sep 30, 2024OppenheimerOutperformInitialise
Sep 17, 2024BenchmarkUnderperformUnderperformHold
Sep 17, 2024BMO CapitalBuyBuyHold
Sep 17, 2024BenchmarkBuyBuyHold
Aug 29, 2024BenchmarkBuyInitialise
Aug 02, 2024BMO CapitalOutperformOutperformHold
Aug 02, 2024KeyBancOverweightOverweightHold
May 03, 2024BMO CapitalBuyBuyHold
May 03, 2024BMO CapitalOutperformOutperformHold
Oct 03, 2022MKM PartnersBuyBuyHold

Patrick Industries's last stock rating was published by Bank of America Securities on Dec 04, 2024. The company gave PATK a "Underperform" rating, the same as its previous rate.

Patrick Industries Financial Forecast

Patrick Industries Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$781.19M$866.07M$920.68M$900.10M$951.91M$1.11B$1.48B$1.34B$1.15B$1.06B$1.02B$850.48M$772.61M$700.71M$424.05M$589.23M$549.46M$566.19M
Avg Forecast$946.92M$1.08B$1.20B$1.05B$890.44M$1.00B$1.08B$951.61M$815.55M$935.75M$972.06M$829.22M$780.97M$839.93M$944.56M$833.94M$935.39M$1.09B$1.26B$1.18B$1.01B$963.33M$872.64M$740.71M$699.42M$667.50M$408.68M$584.16M$535.56M$576.97M
High Forecast$972.60M$1.11B$1.23B$1.08B$914.58M$1.03B$1.11B$980.42M$824.46M$936.52M$972.06M$829.22M$802.19M$894.57M$970.17M$856.55M$960.75M$1.09B$1.26B$1.18B$1.01B$963.33M$872.64M$740.71M$699.42M$667.50M$408.68M$584.16M$535.56M$576.97M
Low Forecast$923.20M$1.05B$1.17B$1.02B$868.13M$977.46M$1.05B$932.00M$804.50M$934.98M$972.06M$829.22M$760.59M$796.90M$920.90M$813.05M$911.96M$1.09B$1.26B$1.18B$1.01B$963.33M$872.64M$740.71M$699.42M$667.50M$408.68M$584.16M$535.56M$576.97M
# Analysts33332225631137565222345991599168
Surprise %------------1.00%1.03%0.97%1.08%1.02%1.02%1.17%1.14%1.14%1.10%1.17%1.15%1.10%1.05%1.04%1.01%1.03%0.98%

Patrick Industries's average Quarter revenue forecast for Mar 24 based on 1 analysts is $829.22M, with a low forecast of $829.22M, and a high forecast of $829.22M. PATK's average Quarter revenue forecast represents a 6.15% increase compared to the company's last Quarter revenue of $781.19M (Dec 23).

Patrick Industries EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332225631137565222345991599168
EBITDA------------$93.88M$107.56M$111.56M$91.74M$102.13M$126.04M$206.80M$191.96M$123.20M$120.86M$121.46M$91.00M$82.47M$66.11M$29.62M$56.45M$52.32M$53.61M
Avg Forecast$104.01M$118.38M$131.63M$115.30M$97.81M$110.13M$118.29M$104.53M$89.58M$102.78M$106.77M$203.07M$85.78M$92.26M$103.75M$184.61M$102.47M$119.82M$138.43M$167.83M$110.70M$105.81M$95.85M$45.50M$76.83M$73.32M$44.89M$38.45M$58.83M$63.38M
High Forecast$106.83M$121.59M$135.20M$118.43M$100.46M$113.11M$121.50M$107.69M$90.56M$102.87M$106.77M$243.69M$88.11M$98.26M$106.57M$221.54M$122.96M$119.82M$138.43M$201.40M$110.70M$105.81M$95.85M$54.60M$76.83M$73.32M$44.89M$46.15M$58.83M$63.38M
Low Forecast$101.41M$115.41M$128.33M$112.41M$95.36M$107.37M$115.33M$102.37M$88.37M$102.70M$106.77M$162.46M$83.55M$87.53M$101.15M$147.69M$81.97M$119.82M$138.43M$134.26M$110.70M$105.81M$95.85M$36.40M$76.83M$73.32M$44.89M$30.76M$58.83M$63.38M
Surprise %------------1.09%1.17%1.08%0.50%1.00%1.05%1.49%1.14%1.11%1.14%1.27%2.00%1.07%0.90%0.66%1.47%0.89%0.85%

1 analysts predict PATK's average Quarter EBITDA for Mar 24 to be $203.07M, with a high of $243.69M and a low of $162.46M. This is 116.31% upper than Patrick Industries's previous annual EBITDA (Dec 23) of $93.88M.

Patrick Industries Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332225631137565222345991599168
Net Income------------$30.82M$39.55M$42.36M$30.17M$40.18M$58.82M$116.52M$112.67M$61.02M$57.40M$58.98M$47.51M$37.82M$37.34M$714.00K$21.19M$19.98M$21.32M
Avg Forecast$39.47M$57.19M$76.16M$42.28M$36.95M$52.42M$57.28M$33.11M$17.46M$41.29M$46.33M$119.20M$30.72M$39.66M$41.33M$108.36M$50.75M$43.83M$81.38M$98.51M$43.95M$44.89M$40.51M$23.76M$32.01M$27.80M$-2.60M$14.43M$16.50M$21.35M
High Forecast$40.86M$59.20M$78.84M$43.77M$38.25M$54.27M$59.30M$37.77M$18.64M$41.49M$46.33M$143.04M$35.08M$41.93M$42.79M$130.04M$60.90M$43.83M$81.38M$118.21M$44.96M$44.89M$40.51M$28.51M$32.01M$27.80M$-2.60M$17.32M$16.50M$21.35M
Low Forecast$38.19M$55.33M$73.67M$40.91M$35.75M$50.71M$55.41M$25.88M$16.52M$41.09M$46.33M$95.36M$26.36M$35.58M$39.98M$86.69M$40.60M$43.83M$81.38M$78.81M$42.94M$44.89M$40.51M$19.01M$32.01M$27.80M$-2.60M$11.55M$16.50M$21.35M
Surprise %------------1.00%1.00%1.02%0.28%0.79%1.34%1.43%1.14%1.39%1.28%1.46%2.00%1.18%1.34%-0.27%1.47%1.21%1.00%

Patrick Industries's average Quarter net income forecast for Mar 24 is $119.20M, with a range of $95.36M to $143.04M. PATK's average Quarter net income forecast represents a 286.80% increase compared to the company's last Quarter net income of $30.82M (Dec 23).

Patrick Industries SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332225631137565222345991599168
SG&A------------$101.98M$70.87M$114.57M$118.25M$114.36M$124.92M$134.53M$116.73M$116.70M$100.13M$130.00M$81.14M$68.89M$63.45M$51.84M$60.60M$53.89M$57.73M
Avg Forecast$98.98M$112.65M$125.27M$109.72M$93.08M$104.80M$112.57M$99.47M$85.25M$97.81M$101.61M$79.94M$81.64M$87.80M$98.74M$72.67M$97.06M$114.02M$131.74M$66.06M$105.35M$100.70M$91.22M$40.57M$73.11M$69.77M$42.72M$41.28M$55.98M$60.31M
High Forecast$101.67M$115.71M$128.66M$112.70M$95.60M$107.64M$115.62M$102.48M$86.18M$97.90M$101.61M$95.92M$83.85M$93.51M$101.41M$87.20M$116.47M$114.02M$131.74M$79.28M$105.35M$100.70M$91.22M$48.69M$73.11M$69.77M$42.72M$49.53M$55.98M$60.31M
Low Forecast$96.50M$109.83M$122.13M$106.97M$90.75M$102.17M$109.75M$97.42M$84.09M$97.73M$101.61M$63.95M$79.51M$83.30M$96.26M$58.14M$77.65M$114.02M$131.74M$52.85M$105.35M$100.70M$91.22M$32.46M$73.11M$69.77M$42.72M$33.02M$55.98M$60.31M
Surprise %------------1.25%0.81%1.16%1.63%1.18%1.10%1.02%1.77%1.11%0.99%1.43%2.00%0.94%0.91%1.21%1.47%0.96%0.96%

Patrick Industries's average Quarter SG&A projection for Mar 24 is $79.94M, based on 1 Wall Street analysts, with a range of $63.95M to $95.92M. The forecast indicates a -21.62% fall compared to PATK last annual SG&A of $101.98M (Dec 23).

Patrick Industries EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332225631137565222345991599168
EPS------------$1.41$1.84$1.97$1.40$1.85$2.66$5.24$5.00$2.69$2.52$2.57$2.09$1.68$1.65$0.03$0.92$0.87$0.92
Avg Forecast$1.74$2.53$3.36$1.87$1.63$2.32$2.53$1.46$0.77$1.82$2.05$1.32$1.36$1.75$1.83$1.14$1.59$1.98$3.67$2.76$1.98$2.02$1.83$1.32$1.44$1.25$-0.12$0.71$0.74$0.96
High Forecast$1.80$2.61$3.48$1.93$1.69$2.40$2.62$1.67$0.82$1.83$2.05$1.32$1.55$1.85$1.89$1.18$1.64$1.98$3.67$2.76$2.03$2.02$1.83$1.32$1.44$1.25$-0.12$0.71$0.74$0.96
Low Forecast$1.69$2.44$3.25$1.81$1.58$2.24$2.45$1.14$0.73$1.81$2.05$1.32$1.16$1.57$1.77$1.10$1.53$1.98$3.67$2.76$1.94$2.02$1.83$1.32$1.44$1.25$-0.12$0.71$0.74$0.96
Surprise %------------1.04%1.05%1.08%1.23%1.17%1.35%1.43%1.81%1.36%1.24%1.41%1.58%1.16%1.32%-0.26%1.30%1.17%0.96%

According to 1 Wall Street analysts, Patrick Industries's projected average Quarter EPS for Mar 24 is $1.32, with a low estimate of $1.32 and a high estimate of $1.32. This represents a -6.34% decrease compared to PATK previous annual EPS of $1.41 (Dec 23).

Patrick Industries Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PATKPatrick Industries$88.00$143.0062.50%Buy
ETDEthan Allen Interiors$29.92$33.0010.29%Hold

PATK Forecast FAQ

Is Patrick Industries a good buy?

Yes, according to 5 Wall Street analysts, Patrick Industries (PATK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of PATK's total ratings.

What is PATK's price target?

Patrick Industries (PATK) average price target is $143 with a range of $114 to $165, implying a 72.29% from its last price of $83. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Patrick Industries stock go up soon?

According to Wall Street analysts' prediction for PATK stock, the company can go up by 72.29% (from the last price of $83 to the average price target of $143), up by 98.80% based on the highest stock price target, and up by 37.35% based on the lowest stock price target.

Can Patrick Industries stock reach $120?

PATK's average twelve months analyst stock price target of $143 supports the claim that Patrick Industries can reach $120 in the near future.

What are Patrick Industries's analysts' financial forecasts?

Patrick Industries's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.92B (high $4.03B, low $3.83B), average EBITDA is $430.75M (high $442.76M, low $420.42M), average net income is $179.76M (high $189.59M, low $167.76M), average SG&A $409.92M (high $421.35M, low $400.09M), and average EPS is $7.94 (high $8.37, low $7.41). PATK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.27B (high $4.39B, low $4.17B), average EBITDA is $469.32M (high $482.05M, low $457.56M), average net income is $215.1M (high $222.68M, low $208.1M), average SG&A $446.63M (high $458.74M, low $435.44M), and average EPS is $9.5 (high $9.84, low $9.19).

Did the PATK's actual financial results beat the analysts' financial forecasts?

Based on Patrick Industries's last annual report (Dec 2023), the company's revenue was $3.47B, beating the average analysts forecast of $3.4B by 2.02%. Apple's EBITDA was $404.74M, missing the average prediction of $466.41M by -13.22%. The company's net income was $142.9M, missing the average estimation of $220.08M by -35.07%. Apple's SG&A was $443.34M, beating the average forecast of $340.84M by 30.07%. Lastly, the company's EPS was $6.49, beating the average prediction of $6.07 by 6.86%. In terms of the last quarterly report (Dec 2023), Patrick Industries's revenue was $781.19M, beating the average analysts' forecast of $780.97M by 0.03%. The company's EBITDA was $93.88M, beating the average prediction of $85.78M by 9.44%. Patrick Industries's net income was $30.82M, beating the average estimation of $30.72M by 0.31%. The company's SG&A was $101.98M, beating the average forecast of $81.64M by 24.93%. Lastly, the company's EPS was $1.41, beating the average prediction of $1.36 by 3.91%