JPMorgan Chase & Co. Issues Pessimistic Forecast for Pattern Group (NASDAQ:PTRN) Stock Price

Pattern Group (NASDAQ:PTRN) had its price target reduced by JPMorgan Chase & Co. from $21.00 to $17.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 57.41% from the company’s previous close.

A number of other research firms have also issued reports on PTRN. Robert W. Baird reduced their price target on shares of Pattern Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Pattern Group in a research note on Thursday, January 15th. KeyCorp raised their target price on shares of Pattern Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of Pattern Group in a research report on Wednesday, December 24th. Finally, Stifel Nicolaus cut their price target on Pattern Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.22.

Pattern Group Trading Down 7.2%

Pattern Group stock opened at $10.80 on Friday. The company’s 50-day moving average price is $12.46. The stock has a market cap of $1.67 billion and a P/E ratio of -4.93. Pattern Group has a fifty-two week low of $8.92 and a fifty-two week high of $20.10.

Pattern Group (NASDAQ:PTRN) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $723.10 million during the quarter, compared to analysts’ expectations of $691.35 million. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year.

Pattern Group announced that its board has approved a stock buyback plan on Thursday, March 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Pattern Group

Several hedge funds have recently modified their holdings of PTRN. Knox Lane LP acquired a new position in Pattern Group in the 4th quarter worth about $325,157,000. Norges Bank purchased a new stake in shares of Pattern Group in the fourth quarter valued at approximately $25,965,000. Wasatch Advisors LP acquired a new position in shares of Pattern Group during the 4th quarter worth approximately $23,144,000. Capital World Investors purchased a new position in shares of Pattern Group during the 3rd quarter valued at approximately $23,975,000. Finally, Vanguard Group Inc. acquired a new stake in Pattern Group in the 3rd quarter valued at $20,640,000.

Key Stories Impacting Pattern Group

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

• Positive Sentiment: Q4 results beat expectations — EPS $0.16 vs. $0.12 est. and revenue $723.1M vs. $691.4M, with revenue up 40.3% year-over-year. Strong top-line growth is a clear positive for future cash flow and margins. Business Wire: Q4 Results
• Positive Sentiment: Company raised revenue guidance: Q1 revenue $710–720M vs. consensus ~$690M and FY revenue $3.1–3.2B vs. consensus ~$2.8B — signaling continued strong demand and growth visibility. Business Wire: Guidance
• Positive Sentiment: Board authorized a $100M share repurchase (≈5.6% of shares), which typically supports share price and signals management confidence in valuation. Business Wire: Buyback
• Neutral Sentiment: Detailed earnings call highlights and transcript are available for investors who want management color on margin drivers, AI/technology investments, and marketplace expansion. Yahoo Finance: Earnings Highlights
• Neutral Sentiment: Robert W. Baird lowered its price target from $22 to $20 but kept an Outperform rating — still a bullish stance, though the trimmed target may temper near-term momentum. Benzinga: Baird PT Change
• Negative Sentiment: Despite the positives, the stock is trading down on above-average volume — likely driven by the analyst target cut and short-term profit-taking after recent gains, causing sellers to outweigh buyers today.

Pattern Group Company Profile

At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service.