Purple Innovation, Inc. (PRPL)
NASDAQ: PRPL · IEX Real-Time Price · USD
1.330
+0.010 (0.76%)
At close: Jul 19, 2024, 4:00 PM
1.310
-0.020 (-1.50%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Purple Innovation Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Purple Innovation stock have an average target of 2.94, with a low estimate of 2.00 and a high estimate of 5.00. The average target predicts an increase of 121.05% from the current stock price of 1.33.
Analyst Consensus: Buy
* Price targets were last updated on May 8, 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 2 | 2 | 2 | 2 | 2 |
| 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 Reiterates $2.25 | Buy | Reiterates | $2.25 | +69.17% | May 8, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +87.97% | Mar 21, 2024 |
| Roth MKM | Roth MKM | Hold → Strong Buy Upgrades $2 → $2.5 | Hold → Strong Buy | Upgrades | $2 → $2.5 | +87.97% | Mar 13, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $1 → $2 | Hold | Maintains | $1 → $2 | +50.38% | Mar 13, 2024 |
| Wedbush | Wedbush | Buy Maintains $1.25 → $2.25 | Buy | Maintains | $1.25 → $2.25 | +69.17% | Mar 13, 2024 |
Financial Forecast
Revenue This Year
557.32M
from 510.54M
Increased by 9.16%
Revenue Next Year
602.70M
from 557.32M
Increased by 8.14%
EPS This Year
-0.41
from -1.17
EPS Next Year
-0.18
from -0.41
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 584.9M | 638.9M | 685.4M | 708.4M | 750.4M |
| Avg | 557.3M | 602.7M | 654.9M | 688.2M | 728.9M |
| Low | 529.3M | 567.2M | 623.0M | 661.2M | 700.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.6% | 14.6% | 13.7% | 8.2% | 9.0% |
| Avg | 9.2% | 8.1% | 8.7% | 5.1% | 5.9% |
| Low | 3.7% | 1.8% | 3.4% | 1.0% | 1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.34 | -0.11 | -0.08 | -0.08 | -0.08 |
| Avg | -0.41 | -0.18 | -0.13 | -0.08 | -0.08 |
| Low | -0.50 | -0.29 | -0.16 | -0.08 | -0.08 |
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.