Jefferies Starts Pattern Group Inc (PTRN) at Buy

Jefferies analyst John Colantuoni initiates coverage on Pattern Group Inc (NASDAQ: PTRN) with a Buy rating and a price target of $18.00.

The analyst comments: "We believe PTRN’s data-driven approach to unlocking ecommerce performance will lead to ongoing customer adoption and an attractive ~22% 3-year Revenue CAGR. Our outlook is supported by an impressive track record of elevating growth at existing relationships, supplemented by a robust pipeline of new brand partners. We initiate on PTRN w/ a Buy and $18 PT on potential upward revisions and multiple appreciation, underscored by a current 30% discount to peers."

For an analyst ratings summary and ratings history on Pattern Group Inc click here. For more ratings news on Pattern Group Inc click here.

Shares of Pattern Group Inc closed at $13.97 yesterday.

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