Purple Innovation, Inc. (PRPL)
NASDAQ: PRPL · Real-Time Price · USD
0.940
+0.030 (3.31%)
Nov 4, 2024, 4:00 PM EST - Market closed
Purple Innovation Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Purple Innovation stock have an average target of 2.53, with a low estimate of 1.10 and a high estimate of 5.00. The average target predicts an increase of 169.15% from the current stock price of 0.94.
Analyst Consensus: Buy
* Price targets were last updated on Sep 4, 2024.
Analyst Ratings
The average analyst rating for PRPL stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy → Hold Downgrades $1.75 → $1.1 | Buy → Hold | Downgrades | $1.75 → $1.1 | +17.02% | Sep 4, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $2 → $1.5 | Hold | Maintains | $2 → $1.5 | +59.57% | Aug 6, 2024 |
| Wedbush | Wedbush | Buy Reiterates $2.25 | Buy | Reiterates | $2.25 | +139.36% | May 8, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +165.96% | Mar 21, 2024 |
| Roth MKM | Roth MKM | Hold → Strong Buy Upgrades $2 → $2.5 | Hold → Strong Buy | Upgrades | $2 → $2.5 | +165.96% | Mar 13, 2024 |
Financial Forecast
Revenue This Year
508.90M
from 510.54M
Decreased by -0.32%
Revenue Next Year
536.93M
from 508.90M
Increased by 5.51%
EPS This Year
-0.48
from -1.17
EPS Next Year
-0.27
from -0.48
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 530.3M | 572.5M | 617.6M | ||
| Avg | 508.9M | 536.9M | 580.8M | ||
| Low | 480.5M | 499.5M | 531.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.9% | 12.5% | 15.0% | ||
| Avg | -0.3% | 5.5% | 8.2% | ||
| Low | -5.9% | -1.8% | -1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.42 | -0.13 | -0.02 | ||
| Avg | -0.48 | -0.27 | -0.12 | ||
| Low | -0.51 | -0.44 | -0.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.