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PATK
Volume: 540.33K

Patrick Industries (PATK) Stock Forecast & Price Target

Patrick Industries (PATK) Analyst Ratings

Based on 6 analyst ratings
Buy
Strong Buy 50%
Buy 33%
Hold 17%
Sell 0%
Strong Sell 0%

Bulls say

Patrick Industries is well positioned by its end-market diversification and consistent share gains, with Marine revenue up 22% and Powersports up 28% on content gains, product innovation, and new OEM wins, helping offset soft Housing demand. Even with RV revenue down 15% from lower wholesale shipments, softer retail demand, and dealer inventory reductions, management’s focus on integrated solutions, content per unit expansion, and affordability initiatives supports resilience and long-term growth. The company’s fundamentals also look stronger through margin and cash flow improvement, including about 500 bps of gross margin gains and 65% higher diluted EPS versus FY19, while roughly $150M of annual synergies from the LCI merger could further enhance profitability.

Bears say

Patrick Industries is facing a weaker fundamental setup as management lowered CY26 RV shipment expectations to 285k-300k units from 315k-330k, while also guiding for RV retail demand to decline and operating margin to remain flat year over year instead of expanding 30-50 bps. Cash generation is under pressure too, with operating cash flow cut to $320M-$350M from $370M-$390M and free cash flow reduced to about $250M from about $300M, reflecting weaker demand and higher working capital needs. Beyond RV, growth looks mixed at best across Marine, Powersports, and MH, while lower shipment volumes, affordability pressure, customer concentration, and LCII-related complications all support a cautious outlook.

Patrick Industries (PATK) has been analyzed by 6 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 33% recommend Buy, 17% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Patrick Industries and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Patrick Industries (PATK) Forecast

Analysts have given Patrick Industries (PATK) a Buy based on their latest research and market trends.

According to 6 analysts, Patrick Industries (PATK) has a Buy consensus rating as of Oct 9, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $118.67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $118.67, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Patrick Industries (PATK)

Volume: 540.33K

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