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Purple Innovation (PRPL)
NASDAQ:PRPL
Holding PRPL?
Track your performance easily
See the Price Targets and Ratings of:
PRPL Analyst Ratings
Moderate Buy
2 Buy
2 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
PRPL Stock 12 Month Forecast
Average Price Target
$1.50
▲(59.59% Upside)
| Highest Price Target$1.50 | Average Price Target$1.50 | Lowest Price Target$1.50 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Craig-Hallum
Assigned
11/14/24
Truist Financial
Reiterated
11/06/24
KeyBanc
Reiterated
11/05/24
Roth MKM
Reiterated
11/05/24
Wedbush
$1.75→$1.1
Hold
17.03%
Upside
Downgraded
09/04/24
Purple Innovation downgraded to Neutral from Outperform at WedbushPurple Innovation downgraded to Neutral from Outperform at Wedbush
UBS
$2→$1
Hold
6.39%
Upside
Reiterated
06/30/24
Purple Innovation price target lowered to $1 from $2 at UBSPurple Innovation price target lowered to $1 from $2 at UBS
Oppenheimer
―
Hold
―
Reiterated
03/14/24
Analysts' Top Consumer Cyclical Picks: Lennar (LEN), Purple Innovation (PRPL)
Best Analysts Covering Purple Innovation
Which Analyst Should I Follow If I Want to Buy PRPL and Sell After:
1 Month
xxx
Success Rate
15/23 ratings generated profit
Average Return
+7.59%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 65.22% of your transactions generating a profit, with an average return of +7.59% per trade.
3 Months
xxx
Success Rate
13/23 ratings generated profit
Average Return
+17.22%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 56.52% of your transactions generating a profit, with an average return of +17.22% per trade.
1 Year
Success Rate
9/23 ratings generated profit
Average Return
+20.26%
reiterated a buy rating 2 months ago
Copying Bradley Thomas's trades and holding each position for 1 Year would result in 39.13% of your transactions generating a profit, with an average return of +20.26% per trade.
2 Years
xxx
Success Rate
4/23 ratings generated profit
Average Return
-54.27%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 17.39% of your transactions generating a profit, with an average return of -54.27% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
PRPL Analyst Recommendation Trends
Rating
May 24
Jun 24
Aug 24
Sep 24
Nov 24
Strong Buy
4
4
4
4
4
Buy
3
2
3
1
2
Hold
5
4
4
5
8
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
12
10
11
10
14
Each month's total comprises the sum of three months' worth of ratings.
PRPL Financial Forecast
PRPL Stock Forecast FAQ
What is PRPL’s average 12-month price target, according to analysts?
Based on analyst ratings, Purple Innovation’s 12-month average price target is $1.50.
What is PRPL’s upside potential, based on the analysts’ average price target?
Purple Innovation has 59.59% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is PRPL a Buy, Sell or Hold?
Purple Innovation has a consensus rating of Moderate Buy which is based on 2 buy ratings, 2 hold ratings and 0 sell ratings.
What is Purple Innovation’s price target?
The average price target for Purple Innovation is $1.50. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $1.50 ,the lowest forecast is $1.50. The average price target represents 59.59% Increase from the current price of $0.94.
The highest analyst price target is $1.50 ,the lowest forecast is $1.50. The average price target represents 59.59% Increase from the current price of $0.94.
What do analysts say about Purple Innovation?
Purple Innovation’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 4 Wall Streets Analysts.
How can I buy shares of PRPL?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.