Purple Innovation, Inc. (PRPL)
NASDAQ: PRPL · Real-Time Price · USD
0.907
+0.026 (2.98%)
At close: Dec 20, 2024, 4:00 PM
0.959
+0.053 (5.82%)
After-hours: Dec 20, 2024, 4:11 PM EST
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 179.06% from the current stock price of 0.91.
Analyst Consensus: Buy
* 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 3 | 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 |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy → Hold Downgrades $1.75 → $1.1 | Buy → Hold | Downgrades | $1.75 → $1.1 | +21.33% | Sep 4, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $2 → $1.5 | Hold | Maintains | $2 → $1.5 | +65.45% | Aug 6, 2024 |
| Wedbush | Wedbush | Buy Reiterates $2.25 | Buy | Reiterates | $2.25 | +148.18% | May 8, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +175.76% | Mar 21, 2024 |
| Roth MKM | Roth MKM | Hold → Strong Buy Upgrades $2 → $2.5 | Hold → Strong Buy | Upgrades | $2 → $2.5 | +175.76% | Mar 13, 2024 |
Financial Forecast
Revenue This Year
499.35M
from 510.54M
Decreased by -2.19%
Revenue Next Year
510.38M
from 499.35M
Increased by 2.21%
EPS This Year
-0.48
from -1.17
EPS Next Year
-0.29
from -0.48
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 515.6M | 548.8M | 586.0M | ||
| Avg | 499.4M | 510.4M | 550.8M | ||
| Low | 476.5M | 477.8M | 511.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.0% | 9.9% | 14.8% | ||
| Avg | -2.2% | 2.2% | 7.9% | ||
| Low | -6.7% | -4.3% | 0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.46 | -0.17 | -0.06 | ||
| Avg | -0.48 | -0.29 | -0.15 | ||
| Low | -0.50 | -0.41 | -0.20 |
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.