William Blair initiated coverage of Pattern Group (PTRN) with an Outperform rating. The company faces a “large and growing” market as e-commerce total addressable market for retail goods in 2024 was nearly $4.2 trillion and accounted for roughly 22% of retail sales, the analyst tells investors in a research note. Blair forecasts Pattern’s 2025 revenue at nearly $2.4B and says there “remains substantial runway” for the company to grow into this market.
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