Purple Innovation – Consensus Indicates Potential 21.7% Upside

Broker Ratings

Purple Innovation with ticker code (PRPL) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 40 and 32 calculating the average target price we see 34.9. Given that the stocks previous close was at 28.67 this is indicating there is a potential upside of 21.7%. There is a 50 day moving average of 28.58 and the 200 moving average now moves to 23.94. The company has a market cap of $1,924m. Visit the company website at: 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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