Street Calls of the Week
Investing.com - Pattern Group Inc (NASDAQ:PTRN) received a Buy rating from Jefferies on Tuesday as the investment firm initiated coverage with an $18.00 price target. The company, currently trading at $13.97, has demonstrated strong financial health with a current ratio of 2.28 and maintains more cash than debt on its balance sheet, according to InvestingPro data.
The rating is based on Pattern Group’s data-driven approach to improving ecommerce performance, which Jefferies expects will drive continued customer adoption and lead to an attractive three-year revenue compound annual growth rate of approximately 22%.
Jefferies highlighted Pattern Group’s track record of elevating growth within existing customer relationships, complemented by what it describes as a robust pipeline of new brand partners.
The $18 price target reflects Jefferies’ view that Pattern Group could see potential upward revisions to earnings estimates and multiple appreciation in the future.
Jefferies also noted that Pattern Group currently trades at a 30% discount compared to its peers in the market.
In other recent news, Pattern Group Inc. announced the closing of its initial public offering at $14.00 per share. The offering consisted of 21,428,572 shares of Series A common stock, split equally between shares issued by the company and those sold by existing stockholders. Pattern Group received proceeds only from the 10,714,286 shares it directly sold. The company began trading on the Nasdaq Global Select Market under the ticker symbol "PTRN" on September 19, 2025. In a related development, KeyBanc initiated coverage on Pattern Group with an Overweight rating and set a price target of $18.00. The research firm emphasized Pattern’s strong position in the e-commerce sector, citing its capabilities in optimizing traffic, conversion, price, and availability across global marketplaces. These recent developments highlight Pattern Group’s strategic moves in the financial markets and its perceived potential in the e-commerce industry.
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