Purple Innovation – Consensus Indicates Potential 21.7% Upside

Broker Ratings

Purple Innovation with ticker code (PRPL) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 40 and 32 calculating the mean target price we have 34.9. Now with the previous closing price of 28.67 this would indicate that there is a potential upside of 21.7%. The 50 day moving average now sits at 28.58 and the 200 moving average now moves to 23.94. The market cap for the company is $1,924m. Company Website: http://purple.com

Purple Innovation designs and manufactures mattresses, pillows, and cushions. It also offers sheets, mattress protector, bed frames, seat cushions, and weighted blanket and duvets. The company markets and sells its products through direct-to-consumer online channels, retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through its factory outlet and the company owned showrooms. Purple Innovation was founded in 2010 and is headquartered in Lehi, Utah.

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