
Patrick Industries (PATK) Stock Forecast & Price Target
Patrick Industries (PATK) Analyst Ratings
Bulls say
Patrick Industries Inc. is poised for significant growth, with forecasts indicating an expected 28% increase in earnings per share, projecting figures of $5.29 and $6.58 for the upcoming years. The company has demonstrated resilience by effectively scaling operations during challenging market conditions and is now strategically positioned to capitalize on enhanced earnings potential as market cycles improve. Additionally, with a 12% year-over-year increase in housing revenue driven by a 15% rise in unit shipments, Patrick Industries is benefiting from favorable market dynamics, including lean dealer inventories and anticipated improvements in consumer confidence and purchasing power in 2025.
Bears say
Patrick Industries, Inc. faces a challenging outlook due to a slowdown in its key end-markets, which is expected to negatively affect its financial performance. The company's revenue is highly concentrated among its RV OEM customers, creating vulnerability to fluctuations in demand from a limited customer base. Additionally, concerns regarding the company's balance sheet leverage may restrict its ability to pursue meaningful mergers and acquisitions, potentially stifling growth opportunities moving forward.
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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