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 196.53% from the current stock price of 0.85.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$1.10	$2.53	$2.50	$5.00
Change	+28.93%	+196.53%	+193.01%	+486.03%

* Price targets were last updated on Sep 4, 2024.

Analyst Ratings

The average analyst rating for PRPL stock from 4 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1	1
Buy	2	2	2	1	1	1
Hold	2	2	2	3	3	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Seth Basham Wedbush	Wedbush	Buy → Hold Downgrades $1.75 → $1.1	Buy → Hold	Downgrades	$1.75 → $1.1	+28.93%	Sep 4, 2024
Jeremy Hamblin Craig-Hallum	Craig-Hallum	Hold Maintains $2 → $1.5	Hold	Maintains	$2 → $1.5	+75.81%	Aug 6, 2024
Seth Basham Wedbush	Wedbush	Buy Reiterates $2.25	Buy	Reiterates	$2.25	+163.71%	May 8, 2024
Matt Koranda Roth MKM	Roth MKM	Strong Buy Reiterates $2.5	Strong Buy	Reiterates	$2.5	+193.01%	Mar 21, 2024
Matt Koranda Roth MKM	Roth MKM	Hold → Strong Buy Upgrades $2 → $2.5	Hold → Strong Buy	Upgrades	$2 → $2.5	+193.01%	Mar 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

503.62M

from 510.54M

-1.36%

from 510.54M

Revenue Next Year

516.89M

from 503.62M

2.63%

from 503.62M

EPS This Year

-0.47

from -1.17

EPS Next Year

-0.29

from -0.47

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	428.36M	648.47M	725.00M	573.20M	510.54M	503.62M	516.89M	557.55M
Revenue Growth	49.89%	51.39%	11.80%	-20.94%	-10.93%	-1.36%	2.63%	7.87%
EPS	-2.26	-6.04	-0.31	-1.13	-1.17	-0.47	-0.29	-0.13
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	10	10	5

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

Revenue Forecast

Revenue	2024	2025	2026
High	526.9M	559.8M	606.8M
Avg	503.6M	516.9M	557.6M
Low	477.8M	477.8M	511.6M

Revenue Growth

Revenue Growth	2024	2025	2026
High	3.2%	11.1%	17.4%
Avg	-1.4%	2.6%	7.9%
Low	-6.4%	-5.1%	-1.0%

EPS Forecast

EPS	2024	2025	2026
High	-0.42	-0.13	-0.02
Avg	-0.47	-0.29	-0.13
Low	-0.50	-0.41	-0.20

EPS Growth

EPS Growth	2024	2025	2026
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.