Patrick Industries price target raised to $140 from $115 at Benchmark

Core Viewpoint - Benchmark analyst Michael Albanese has raised the price target for Patrick Industries (PATK) to $140 from $115 while maintaining a Buy rating on the shares, indicating a positive outlook for the company despite recent stock performance [1]. Group 1 - The stock has experienced a 14% year-to-date increase following a significant 30% gain in 2025, suggesting strong momentum [1]. - The analyst describes Patrick's current setup as "compelling," which reflects confidence in the company's future performance [1]. - Patrick Industries remains on Benchmark's Best Idea list for 2026, highlighting its potential as a top investment choice [1].