Purple Innovation, Inc. (PRPL)
NASDAQ: PRPL · IEX Real-Time Price · USD
1.610
+0.010 (0.63%)
At close: May 3, 2024, 4:00 PM
1.670
+0.060 (3.73%)
After-hours: May 3, 2024, 7:10 PM 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 82.61% from the current stock price of 1.61.
Analyst Consensus: Buy
* Price targets were last updated on Mar 21, 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 1 | 1 | 1 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +55.28% | Mar 21, 2024 |
| Roth MKM | Roth MKM | Hold → Strong Buy Upgrades $2 → $2.5 | Hold → Strong Buy | Upgrades | $2 → $2.5 | +55.28% | Mar 13, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $1 → $2 | Hold | Maintains | $1 → $2 | +24.22% | Mar 13, 2024 |
| Wedbush | Wedbush | Buy Maintains $1.25 → $2.25 | Buy | Maintains | $1.25 → $2.25 | +39.75% | Mar 13, 2024 |
| Roth MKM | Roth MKM | Hold Maintains $1 → $2 | Hold | Maintains | $1 → $2 | +24.22% | Mar 7, 2024 |
Financial Forecast
Revenue This Year
559.89M
from 510.54M
Increased by 9.67%
Revenue Next Year
605.95M
from 559.89M
Increased by 8.23%
EPS This Year
-0.38
from -1.17
EPS Next Year
-0.21
from -0.38
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 584.5M | 634.7M | 684.3M | 722.3M |
| Avg | 559.9M | 606.0M | 658.0M | 701.6M |
| Low | 529.1M | 567.3M | 623.0M | 674.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 14.5% | 13.4% | 12.9% | 9.8% |
| Avg | 9.7% | 8.2% | 8.6% | 6.6% |
| Low | 3.6% | 1.3% | 2.8% | 2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -0.28 | -0.12 | -0.09 | -0.05 |
| Avg | -0.38 | -0.21 | -0.12 | -0.05 |
| Low | -0.50 | -0.36 | -0.16 | -0.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| 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.