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.
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