Purple Innovation (PRPL) Stock Forecast & Price Target

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$1.55

-0.13 (-7.74%)

(As of 04/15/2024 ET)

Purple Innovation Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

$3.95
154.84% Upside

High Forecast	$8.00
Average Forecast	$3.95
Low Forecast	$2.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$3.95	$3.64	$4.15	$5.46
Predicted Upside	154.84% Upside	100.97% Upside	173.35% Upside	58.44% Upside

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PRPL Analyst Ratings 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.

PRPL 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.

Purple Innovation Stock vs. The Competition

Type	Purple Innovation	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.67	2.44	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	154.84% Upside	892.88% Upside	11.23% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

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
3/21/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$2.50	+50.60%
3/13/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$1.25 ➝ $2.25	+46.58%
3/13/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$1.00 ➝ $2.00	+30.29%
3/13/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Koranda Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/24/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$6.00 ➝ $5.00	+509.23%
11/13/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:26 AM ET.

PRPL Price Target - Frequently Asked Questions

What is Purple Innovation's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for Purple Innovation stock is Moderate Buy based on the current 2 hold ratings and 4 buy ratings for PRPL. The average twelve-month price prediction for Purple Innovation is $3.95 with a high price target of $8.00 and a low price target of $2.00. Learn more on PRPL's analyst rating history.
Do Wall Street analysts like Purple Innovation more than its competitors?: Analysts like Purple Innovation more than other Consumer Staples companies. The consensus rating for Purple Innovation is Moderate Buy while the average consensus rating for consumer staples companies is Hold. Learn more on how PRPL compares to other companies.
Is Purple Innovation being upgraded by Wall Street analysts?: Over the previous 90 days, Purple Innovation's stock had 2 upgrades by analysts.

Does Purple Innovation's stock price have much upside?: According to analysts, Purple Innovation's stock has a predicted upside of 170.52% based on their 12-month stock forecasts.
What analysts cover Purple Innovation?: Purple Innovation has been rated by Craig Hallum, KeyCorp, Roth Capital, Roth Mkm, and Wedbush in the past 90 days.

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This page (NASDAQ:PRPL) was last updated on 4/16/2024 by MarketBeat.com Staff

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Purple Innovation (PRPL) Stock Forecast & Price Target

Purple Innovation Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

PRPL Analyst Ratings By Month

PRPL Price Targets by Month

Purple Innovation Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

PRPL Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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