Pattern Group (NASDAQ:PTRN) Given New $29.00 Price Target at JPMorgan Chase & Co.

Pattern Group (NASDAQ:PTRN) had its target price upped by JPMorgan Chase & Co. from $27.00 to $29.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently commented on PTRN. Weiss Ratings upgraded Pattern Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Pattern Group in a report on Thursday, August 6th. Robert W. Baird set a $26.00 price target on shares of Pattern Group in a report on Thursday, August 6th. Jefferies Financial Group cut shares of Pattern Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $21.00 to $30.00 in a report on Tuesday, July 14th. Finally, KeyCorp lowered their target price on Pattern Group from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Monday. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.89.

Pattern Group Stock Performance

NASDAQ:PTRN opened at $17.25 on Thursday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 27.20 and a beta of 1.29. Pattern Group has a one year low of $8.92 and a one year high of $29.80. The business’s 50-day simple moving average is $18.32 and its 200 day simple moving average is $17.58.

Pattern Group (NASDAQ:PTRN) last announced its earnings results on Thursday, November 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $885.85 million for the quarter. Pattern Group had a return on equity of 203.14% and a net margin of 3.61%. The business’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same period in the previous year, the company earned ($2.19) earnings per share. On average, equities research analysts predict that Pattern Group will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Pattern Group

Several large investors have recently bought and sold shares of PTRN. Wasatch Advisors LP lifted its holdings in shares of Pattern Group by 28.4% in the second quarter. Wasatch Advisors LP now owns 3,135,129 shares of the company’s stock valued at $78,974,000 after buying an additional 692,735 shares during the period. Weiss Asset Management LP acquired a new position in shares of Pattern Group in the 1st quarter worth approximately $3,212,000. Readystate Asset Management LP raised its holdings in shares of Pattern Group by 363.9% in the 2nd quarter. Readystate Asset Management LP now owns 212,964 shares of the company’s stock worth $5,365,000 after purchasing an additional 167,053 shares in the last quarter. Sylebra Capital LLC acquired a new position in Pattern Group in the first quarter worth approximately $1,971,000. Finally, ProShare Advisors LLC bought a new position in shares of Pattern Group in the third quarter valued at $1,785,000.

More Pattern Group News

Here are the key news stories impacting Pattern Group this week:

• Positive Sentiment: Q3 revenue rose 38.5% year over year to about $886 million, and adjusted earnings of $0.18 per share topped the $0.16 consensus estimate. Zacks Q3 earnings report
• Positive Sentiment: Management forecast Q4 revenue of $965 million–$985 million and raised its full-year outlook to about $3.5 billion, signaling continued sales momentum. Outlook announcement
• Positive Sentiment: JPMorgan raised its price target from $27 to $29 and maintained an Overweight rating; Needham raised its target from $29 to $32 and maintained a Buy rating. These upgrades signal stronger analyst optimism. JPMorgan rating information Needham rating information
• Neutral Sentiment: Pattern was named to the 2026 America’s Top 100 Most Loved Workplaces list. This is positive recognition, though its direct effect on near-term financial results is unclear. Workplaces recognition
• Negative Sentiment: Despite the earnings beat, the company continues to report a negative net margin and return on equity, leaving profitability as a potential concern for investors.

Pattern Group Company Profile

Pattern Group Inc (NASDAQ: PTRN) is an e-commerce technology and services company that helps brands grow and manage their online businesses. Its platform combines software, data, and operational services to support product distribution and sales across major digital marketplaces, retailer websites, and other e-commerce channels.

The company’s services include marketplace management, digital advertising, product content and catalog optimization, pricing and assortment strategy, fulfillment coordination, and analytics.