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Purple Innovation, Inc. (PRPL)
NASDAQ: PRPL · Real-Time Price · USD
1.110
-0.030 (-2.63%)
Jan 31, 2025, 4:00 PM EST - Market closed

Purple Innovation Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Purple Innovation stock have an average target of 1.70, with a low estimate of 1.10 and a high estimate of 2.50. The average target predicts an increase of 53.15% from the current stock price of 1.11.

Analyst Consensus: Buy
Target Low Average Median High
Price $1.10 $1.70 $1.50 $2.50
Change -0.90% +53.15% +35.14% +125.23%
* Price targets were last updated on Sep 4, 2024.

Analyst Ratings

The average analyst rating for PRPL stock from 3 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 Aug '24Sep '24Oct '24Nov '24Dec '24Jan '25
Strong Buy 111111
Buy 211110
Hold 233332
Sell 000000
Strong Sell 000000
Total 555553

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Seth Basham
Wedbush
 Wedbush
Hold
Downgrades
$1.75 → $1.1
 Hold Downgrades $1.75 → $1.1 -0.90% Sep 4, 2024
Jeremy Hamblin
Craig-Hallum
 Craig-Hallum
Hold
Maintains
$2 → $1.5
 Hold Maintains $2 → $1.5 +35.14% Aug 6, 2024
Seth Basham
Wedbush
 Wedbush
Buy
Reiterates
$2.25
 Buy Reiterates $2.25 +102.70% May 8, 2024
Matt Koranda
Roth MKM
 Roth MKM
Strong Buy
Reiterates
$2.5
 Strong Buy Reiterates $2.5 +125.23% Mar 21, 2024
Matt Koranda
Roth MKM
 Roth MKM
Strong Buy
Upgrades
$2 → $2.5
 Strong Buy Upgrades $2 → $2.5 +125.23% Mar 13, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
498.61M
from 510.54M
Decreased by -2.34%
Revenue Next Year
508.04M
from 498.61M
Increased by 1.89%
EPS This Year
-0.49
from -1.17
EPS Next Year
-0.31
from -0.49
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
428.36M648.47M725.00M573.20M510.54M498.61M508.04M550.83M
Revenue Growth
49.89%51.39%11.80%-20.94%-10.93%-2.34%1.89%8.42%
EPS
-2.26-6.04-0.31-1.13-1.17-0.49-0.31-0.15
EPS Growth
--------
Forward PE
--------
No. Analysts -----10105
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 515.6M 548.8M 586.0M
Avg 498.6M 508.0M 550.8M
Low 476.5M 474.4M 511.6M

Revenue Growth

Revenue Growth 20242025202620272028
High
1.0%
10.1%
15.3%
Avg
-2.3%
1.9%
8.4%
Low
-6.7%
-4.9%
0.7%

EPS Forecast

EPS 20242025202620272028
High -0.46 -0.17 -0.06
Avg -0.49 -0.31 -0.15
Low -0.50 -0.52 -0.20

EPS Growth

EPS Growth 20242025202620272028
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.