Stifel analyst Mark Kelley initiated coverage of Pattern Group (PTRN) with a Buy rating and $18 price target which represents 30% upside from current levels. The company is a “well-positioned leader” in the e-commerce accelerator category with strong brand retention and leading edge technical capabilities, the analyst tells investors in a research note. The firm does not see risk to Pattern’s revenue being highly concentrated on Amazon.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTRN:
- Pattern Group initiated with a Buy at Jefferies
- Pattern Group, Inc.: Positioned for Growth in the Expanding E-commerce Market
- Strong Buy Rating for Pattern Group, Inc. Driven by Strategic Market Position and Growth Potential
- Buy Rating for Pattern Group, Inc. (PTRN) Driven by Strong Market Position and Growth Potential
- Buy Rating for Pattern Group, Inc. Driven by Strong Growth Prospects and Expansion Opportunities