From Financial Modeling Prep: 2025-02-06 07:00:00

The average price target for Patrick Industries, Inc. (NASDAQ:PATK) has been adjusted to $105, a decrease from $131.43, reflecting a more cautious outlook from analysts. Despite challenges in the RV and marine markets, the company reported a 6.2% increase in revenue year-over-year in Q3 2024, driven by growth in powersports and manufactured housing sectors. Truist Financial analyst Michael Swartz set a price target of $105, citing potential earnings surpass and strategic acquisitions for long-term growth.



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