Pattern Group initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Eric Sheridan initiated coverage of Pattern Group (PTRN) with a Buy rating and $17 price target The firm says Pattern operates an e-commerce acceleration platform to enable brand product sales on over 60 marketplaces. The company is well positioned to scale into the $4 trillion global e-commerce market and benefit from secular tailwinds as consumers continue to shift from offline to online channels, the analyst tells investors in a research note.