BMO Capital raised the firm’s price target on Pattern Group (PTRN) to $24 from $22 and keeps an Outperform rating on the shares after its Q4 earnings beat and above-consensus guidance. The company delivered another impressive beat as revenue and adjusted EBITDA came in above consensus and net retention revenue reached a new record at 124%, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTRN:
- Buy Rating on Pattern Driven by Exceptional Post-IPO Growth, Scaling SaaS & Logistics, and Data-Led Profitability Upside
- Pattern Group price target lowered to $21 from $22 at Stifel
- Pattern Group price target lowered to $17 from $21 at JPMorgan
- Pattern Group price target lowered to $20 from $22 at Baird
- Pattern Group Announces $100 Million Share Repurchase Plan