Purple Innovation (PRPL)
NASDAQ:PRPL
US Market

Purple Innovation (PRPL) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

PRPL Analyst Ratings

Moderate Buy
5Ratings
3 Buy
2 Hold
0 Sell
Based on 5 analysts giving stock ratings to
Purple
Innovation
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

PRPL Stock 12 Months Forecast

Average Price Target

$5.09
▼(-1.17% Downside)
Based on 5 Wall Street analysts offering 12 month price targets for Purple Innovation in the last 3 months. The average price target is $5.09 with a high forecast of $6.00 and a low forecast of $4.35. The average price target represents a -1.17% change from the last price of $5.15.
Highest Price Target$6.00Average Price Target$5.09Lowest Price Target$4.35
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
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Article
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UBS
$4.00
Hold
-22.33%
Downside
Reiterated
Purple Innovation Shares Exhibit Significant Insider Buying ActivityAtul Maheswari from UBS notes the Q1 result was soft but not as bad as the market had feared.
Raymond James
Hold
Reiterated
Purple Innovation Shares Exhibit Significant Insider Buying ActivityBobby Griffin from Raymond James believes Purples product is unique and can gain market share over the coming years.
Oppenheimer
$12.00
Buy
133.01%
Upside
Reiterated
Purple Innovation price target lowered to $12 from $45 at OppenheimerPurple Innovation price target lowered to $12 from $45 at Oppenheimer
Bank of America Securities
$3.00
Sell
-41.75%
Downside
Reiterated
Purple Innovation (PRPL) PT Lowered to $3 at BofA SecuritiesBofA Securities analyst Curtis Nagle lowered the price target on Purple Innovation (NASDAQ: PRPL) to $3.00 (from $4.50) while maintaining a Underperform rating.
Canaccord Genuity
$6.00
Hold
16.50%
Upside
Reiterated
Purple Innovation price target lowered to $6 from $9 at B. RileyPurple Innovation price target lowered to $6 from $9 at B. Riley
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PRPL Financial Forecast

PRPL Earnings Forecast
Next quarter’s earnings estimate for PRPL is -$0.03 with a range of -$0.05 to $0.00. The previous quarter’s EPS was $0.03. PRPL beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 55.45% of the time in the same period. In the last calendar year PRPL has Underperformed its overall industry.
Next quarter’s earnings estimate for PRPL is -$0.03 with a range of -$0.05 to $0.00. The previous quarter’s EPS was $0.03. PRPL beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 55.45% of the time in the same period. In the last calendar year PRPL has Underperformed its overall industry.
PRPL Sales Forecast
Next quarter’s sales forecast for PRPL is $149.78M with a range of $144.88M to $156.28M. The previous quarter’s sales results were $143.28M. PRPL beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 64.52% of the time in the same period. In the last calendar year PRPL has Outperformed its overall industry.
Next quarter’s sales forecast for PRPL is $149.78M with a range of $144.88M to $156.28M. The previous quarter’s sales results were $143.28M. PRPL beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 64.52% of the time in the same period. In the last calendar year PRPL has Outperformed its overall industry.
PRPL Analyst Recommendation Trends
In the current month, PRPL has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The PRPL average analyst price target in the past 3 months is $5.09
In the current month, PRPL has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The PRPL average analyst price target in the past 3 months is $5.09

PRPL Stock Forecast FAQ

What is PRPL’s average 12-month price target, according to analysts?
Based on analyst ratings, Purple Innovation’s 12-month average price target is $5.09.
    What is PRPL’s upside potential, based on the analysts’ average price target?
    Currently there's no upside potential for PRPL, based on the analysts’ average price target.
    Can I see which stocks the top-ranking analysts are rating?
    Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
      How can I follow the stock ratings of top Wall Street analysts?
      Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
        Is PRPL a Buy, Sell or Hold?
        Purple Innovation has a conensus rating of Moderate Buy which is based on 3 buy ratings, 2 hold ratings and 0 sell ratings.
          What is Purple Innovation’s price target?
          The average price target for Purple Innovation is $5.09. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
          The highest analyst price target is $6.00 ,the lowest forecast is $4.35. The average price target represents -1.17% Decrease from the current price of $5.15.
            What do analysts say about Purple Innovation?
            Purple Innovation’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 5 Wall Streets Analysts.

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