Evercore ISI initiated coverage of Pattern Group (PTRN) with an Outperform rating and $19 price target Pattern is a global e-commerce accelerator that partners with consumer brands to drive online marketplace sales, notes the analyst, who says the business is “already operating at an impressive scale” with durable partner and customer relationships and a long runway of growth. Pattern, as “the category-leading ecommerce accelerator,” is positioned for sustainable high revenue growth with potential for expanding profitability, the analyst tells investors.
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