Purple Innovation (NASDAQ:PRPL) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
2
2
2
0
0
Last 30D
0
1
0
0
0
1M Ago
0
0
0
0
0
2M Ago
2
1
1
0
0
3M Ago
0
0
1
0
0
Analysts have recently evaluated Purple Innovation and provided 12-month price targets. The average target is $2.25, accompanied by a high estimate of $2.50 and a low estimate of $2.00. Witnessing a positive shift, the current average has risen by 45.16% from the previous average price target of $1.55.
Diving into Analyst Ratings: An In-Depth Exploration
In examining recent analyst actions, we gain insights into how financial experts perceive Purple Innovation. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst
Analyst Firm
Action Taken
Rating
Current Price Target
Prior Price Target
Seth Basham
Wedbush
Maintains
Outperform
$2.25
-
Matt Koranda
Roth MKM
Maintains
Buy
$2.50
$2.50
Matt Koranda
Roth MKM
Raises
Buy
$2.50
$2.00
Jeremy Hamblin
Craig-Hallum
Raises
Hold
$2.00
$1.00
Seth Basham
Wedbush
Raises
Outperform
$2.25
$1.25
Matt Koranda
Roth MKM
Raises
Neutral
$2.00
$1.00
Key Insights:
Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Purple Innovation. This information offers a snapshot of how analysts ...Full story available on Benzinga.com
Benzinga
