BMO Capital raised the firm’s price target on Pattern Group (PTRN) to $22 from $19 and keeps an Outperform rating on the shares. The company delivered an impressive beat in their first quarter as a public company, with revenue and adjusted EBITDA printing 12%/44% above the firm’s estimates, the analyst tells investors in a research note. Pattern remains in the very early innings of a massive eCommerce acceleration opportunity as shares are attractive at 17-times expected forward EBITDA estimate, BMO added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTRN:
- Pattern Group price target raised to $21 from $18 at JPMorgan
- Pattern Group price target raised to $22 from $18 at Baird
- Pattern Group, Inc. Class A: Strong Market Position and Growth Potential Highlighted by Impressive Financial Performance and Strategic Expansion
- Pattern Group, Inc. Class A: Strong Q3 Performance and Strategic Positioning Drive Increased Price Target
- Pattern Group Reports Strong Q3 2025 Revenue Growth