Patterson Companies (PDCO) Stock Forecast & Price Target

$20.46 +0.18 (+0.89%)

(As of 11/22/2024 ET)

Patterson Companies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
0

Hold
8

Buy
3

Based on 11 Wall Street analysts who have issued ratings for Patterson Companies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 8 have given a hold rating, and 3 have given a buy rating for PDCO.

Consensus Price Target

$28.30
38.32% Upside

According to the 11 analysts' twelve-month price targets for Patterson Companies, the average price target is $28.30. The highest price target for PDCO is $36.00, while the lowest price target for PDCO is $22.00. The average price target represents a forecasted upside of 38.32% from the current price of $20.46.

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PDCO Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$28.30	$28.30	$30.00	$36.17
Forecasted Upside	38.32% Upside	35.02% Upside	18.39% Upside	11.11% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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PDCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PDCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Patterson Companies Stock vs. The Competition

Type	Patterson Companies	Medical Companies	S&P 500
Consensus Rating Score	2.27	2.80	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	38.32% Upside	27,073.48% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent PDCO News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/8/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$23.00 ➝ $22.00	+9.89%
9/5/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$27.00 ➝ $24.00	+9.29%
8/29/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$29.00 ➝ $26.00	+14.89%
8/29/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$30.00 ➝ $28.00	+24.58%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$31.00 ➝ $29.00	+29.03%
6/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$30.00 ➝ $28.00	+13.91%
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2/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$34.00 ➝ $28.00	+4.71%
2/26/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cherny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
2/26/2024	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$36.00	+25.00%
11/30/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$35.00 ➝ $30.00	+15.21%
11/28/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$32.00	+1.43%
11/28/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$39.00	+37.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:23 AM ET.

PDCO Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Patterson Companies is $28.30, with a high forecast of $36.00 and a low forecast of $22.00.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PDCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDCO, but not buy additional shares or sell existing shares.
: According to analysts, Patterson Companies's stock has a predicted upside of 38.32% based on their 12-month stock forecasts.
: Patterson Companies has been rated by research analysts at Bank of America, Evercore ISI, JPMorgan Chase & Co., Robert W. Baird, and UBS Group in the past 90 days.
: Analysts like Patterson Companies less than other "medical" companies. The consensus rating for Patterson Companies is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how PDCO compares to other companies.

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New post-election stock warning from Wall Street (Ad)

If you’re holding U.S. stocks, it may be time to brace for impact. The S&P 500 crossed 6,000 for the first time in history...

Not everything is as rosy as it seems on Wall Street.

This page (NASDAQ:PDCO) was last updated on 11/24/2024 by MarketBeat.com Staff

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Patterson Companies (PDCO) Stock Forecast & Price Target