Pattern Group climbs as brokerages launch coverage with bullish ratings
Shares of e-commerce accelerator Pattern Group PTRN.O rise nearly 1.4% to $14.16 in premarket after brokerages start covering the stock following the end of post-IPO quiet period
Goldman Sachs and J.P. Morgan were the lead underwriters for the offering
J.P. Morgan sees Pattern as a leading e-commerce accelerator poised for strong growth, driven by its proprietary tech, AI and global reach
Jefferies says co's data-driven strategy for enhancing e-commerce performance will continue to attract and retain customers
Its stock closed the previous session at $13.97, compared with its offer price of $14
The following brokerages started coverage on co
Brokerage | Rating | PT |
J.P. Morgan | Overweight | $18 |
Jefferies | Buy | $18 |
Needham | Buy | $18 |
Keybanc | Overweight | $18 |
Stifel | Buy | $18 |
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