William Blair analyst Ralph Schackart has maintained their bullish stance on PTRN stock, giving a Buy rating today.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight Pattern Group, Inc. Class A’s strong market position and growth potential. The company has demonstrated impressive financial performance with a record net revenue retention of nearly 118% and a 39% year-over-year revenue increase. This growth is supported by Pattern’s proprietary technology stack, which gives it a competitive advantage in logistics and e-commerce marketplace sales.
Additionally, Pattern’s strategic expansion efforts are noteworthy. The company’s recent entry into the Coupang marketplace is diversifying its revenue streams, with non-Amazon revenue growing significantly. Internationally, Pattern has achieved a 72% year-over-year increase in revenue, driven by both new and existing brand partnerships. Management’s focus on AI innovation and expanding into new channels and marketplaces further underscores the company’s commitment to sustaining its growth trajectory.
Schackart covers the Communication Services sector, focusing on stocks such as Meta Platforms, ZipRecruiter, and Netflix. According to TipRanks, Schackart has an average return of 14.8% and a 59.76% success rate on recommended stocks.
In another report released today, Needham also reiterated a Buy rating on the stock with a $22.00 price target.