The latest price target for Purple Innovation (NASDAQ:PRPL) was reported by Wedbush on September 4, 2024. The analyst firm set a price target for $1.10 expecting PRPL to rise to within 12 months (a possible 20.88% upside). 10 analyst firms have reported ratings in the last year.

The latest analyst rating for Purple Innovation (NASDAQ:PRPL) was provided by Wedbush, and Purple Innovation downgraded their neutral rating.

The last upgrade for Purple Innovation Inc happened on March 13, 2024 when Roth MKM raised their price target to $2.5. Roth MKM previously had a neutral for Purple Innovation Inc.

The last downgrade for Purple Innovation Inc happened on September 4, 2024 when Wedbush changed their price target from $1.75 to $1.1 for Purple Innovation Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Purple Innovation, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Purple Innovation was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.

While ratings are subjective and will change, the latest Purple Innovation (PRPL) rating was a downgraded with a price target of $1.75 to $1.10. The current price Purple Innovation (PRPL) is trading at is $0.91, which is out of the analyst’s predicted range.