Needham analyst Bernie McTernan initiated coverage of Pattern Group (PTRN) with a Buy rating and $18 price target Pattern is an e-commerce accelerator, which leverages artificial intelligence and data to help clients sell their products more efficiently on e-commerce marketplaces, the analyst tells investors in a research note. The firm says the company is benefiting from macro tailwinds, which could lead shares to its $36 bull case should they persist.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTRN:
- Buy Rating for Pattern Group, Inc. Class A: Strong Growth Potential and Strategic Market Positioning
- Pattern Group initiated with an Outperform at BMO Capital
- Pattern Group initiated with an Overweight at JPMorgan
- Pattern Group initiated with an Overweight at KeyBanc
- Pattern Group initiated with an Outperform at Baird