Stifel raised the firm’s price target on Pattern Group (PTRN) to $22 from $18 and keeps a Buy rating on the shares. Pattern put up a very healthy beat in its first quarter as a public company, with revenue growth accelerating from Q2 levels, the analyst tells investors in a research note. The firm added that, overall, it views Q3 results as a very nice start to Pattern’s life as a public company and would expect the stock to increasingly pop up in investor’s radar if the execution continues.
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- Pattern Group, Inc. Class A: Strong Market Position and Growth Potential Highlighted by Impressive Financial Performance and Strategic Expansion