Purple Innovation, Inc. (PRPL)
NASDAQ: PRPL · IEX Real-Time Price · USD
2.060
+0.200 (10.75%)
At close: Mar 1, 2024, 4:00 PM
2.020
-0.040 (-1.94%)
After-hours: Mar 1, 2024, 7:23 PM EST

Purple Innovation Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Purple Innovation stock have an average target of 3.00, with a low estimate of 1.25 and a high estimate of 5.00. The average target predicts an increase of 45.63% from the current stock price of 2.06.

Analyst Consensus: Hold
Target Low Average Median High
Price $1.25 $3.00 $2.75 $5.00
Change -39.32% +45.63% +33.50% +142.72%
* Price targets were last updated on Jan 24, 2024.

Analyst Ratings

The average analyst rating for PRPL stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Sep '23Oct '23Nov '23Dec '23Jan '24Feb '24
Strong Buy 110000
Buy 443322
Hold 113333
Sell 000000
Strong Sell 000000
Total 666655

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wedbush
Wedbush
Buy
Reiterates
$1.25
Buy Reiterates $1.25 -39.32% Jan 24, 2024
Keybanc
Keybanc
Buy
Maintains
$6$5
Buy Maintains $6$5 +142.72% Jan 24, 2024
Oppenheimer
Oppenheimer
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Nov 13, 2023
Craig-Hallum
Craig-Hallum
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Nov 10, 2023
Wedbush
Wedbush
Buy
Maintains
$3$1
Buy Maintains $3$1 -51.46% Nov 10, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
525.05M
from 575.69M
Decreased by -8.80%
Revenue Next Year
557.46M
from 525.05M
Increased by 6.17%
EPS This Year
-0.75
from -1.10
EPS Next Year
-0.41
from -0.75
Year 2018201920202021202220232024202520262027
Revenue
285.79M428.36M648.47M726.23M575.69M525.05M557.46M617.33M662.36M701.63M
Revenue Growth
45.18%49.89%51.39%11.99%-20.73%-8.80%6.17%10.74%7.29%5.93%
EPS
-0.51-2.26-6.04-0.30-1.10-0.75-0.41-0.16-0.13-0.05
EPS Growth
----------
No. Analysts -----1010733
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20232024202520262027
High 544.6M 595.5M 656.2M 681.8M 722.3M
Avg 525.1M 557.5M 617.3M 662.4M 701.6M
Low 500.8M 503.9M 575.0M 636.4M 674.1M

Revenue Growth

Revenue Growth 20232024202520262027
High
-5.4%
13.4%
17.7%
10.4%
9.0%
Avg
-8.8%
6.2%
10.7%
7.3%
5.9%
Low
-13.0%
-4.0%
3.1%
3.1%
1.8%

EPS Forecast

EPS 20232024202520262027
High -0.67 -0.27 -0.09 -0.14 -0.05
Avg -0.75 -0.41 -0.16 -0.13 -0.05
Low -0.97 -0.58 -0.21 -0.13 -0.05

EPS Growth

EPS Growth 20232024202520262027
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.