PATK Forecast


Bullish Case: PATK shows robust revenue growth and positive adjustments in earnings forecasts. With a solid performance in RV and Marine sectors and high competitive edge as indicated by strong ROIC, PATK's upward trajectory seems sustainable.


Bearish Case: Recent insider selling and a relatively high P/B ratio indicate potential overvaluation risks. Furthermore, mean-reverting price action could lead to decreased momentum and corrections in the near future.


Potential Outcomes:

1. Strong earnings continue buoying stock: 55%.

2. Correction due to overvaluation/insider selling: 30%.

3. Stagnation due to mean reversion: 15%.


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May 14, 2024


Patrick Industries Forecast

PATK        Patrick Industries
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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