Purple Innovation, Inc. (PRPL)

Stock Price Forecast

The 2 analysts that cover Purple Innovation stock have a consensus rating of "Hold" and an average price target of $1.25, which forecasts a 65.34% increase in the stock price over the next year. The lowest target is $1 and the highest is $1.5.

Price Target: $1.25 (+65.34%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$1.00	$1.25	$1.50	$1.50
Change	+32.28%	+65.34%	+98.41%	+98.41%

* Price targets were last updated on Mar 26, 2025.

Analyst Ratings

The average analyst rating for Purple Innovation stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	1	1	0	0	0	0
Buy	1	1	0	0	0	0
Hold	3	3	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Seth Basham Wedbush	Wedbush	Hold Reiterates $1	Hold	Reiterates	$1	+32.28%	Mar 26, 2025
Seth Basham Wedbush	Wedbush	Buy → Hold Downgrades $1.75 → $1.1	Buy → Hold	Downgrades	$1.75 → $1.1	+45.50%	Sep 4, 2024
Jeremy Hamblin Craig-Hallum	Craig-Hallum	Hold Maintains $2 → $1.5	Hold	Maintains	$2 → $1.5	+98.41%	Aug 6, 2024
Seth Basham Wedbush	Wedbush	Buy Reiterates $2.25	Buy	Reiterates	$2.25	+197.62%	May 8, 2024
Matt Koranda Roth MKM	Roth MKM	Strong Buy Reiterates $2.5	Strong Buy	Reiterates	$2.5	+230.69%	Mar 21, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

476.41M

Decreased by -2.35%

from 487.88M

Revenue Next Year

527.13M

Increased by 10.65%

from 476.41M

EPS This Year

-0.32

from -0.91

EPS Next Year

-0.21

from -0.32

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	648.47M	725.00M	573.20M	510.54M	487.88M	476.41M	527.13M	571.64M
Revenue Growth	51.39%	11.80%	-20.94%	-10.93%	-4.44%	-2.35%	10.65%	8.44%
EPS	-6.04	-0.31	-1.13	-1.17	-0.91	-0.32	-0.21	-0.12
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	7	7	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	495.3M	562.8M	588.5M
Avg	476.4M	527.1M	571.6M
Low	454.2M	485.3M	549.2M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	1.5%	18.1%	11.6%
Avg	-2.4%	10.6%	8.4%
Low	-6.9%	1.9%	4.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	-0.24	-0.13	-0.12
Avg	-0.32	-0.21	-0.12
Low	-0.38	-0.26	-0.12

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.