Where Does Wall Street Think Purple Innovation Inc (PRPL) Stock Will Go?

Wall Street is positive on Purple Innovation Inc (PRPL). On average, analysts give the stock a Buy rating. The average price target is $10.05, which means analysts expect the stock to climb by 161.72% over the next twelve months. That average ranking earns the stock an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating PRPL a Buy today. Find out what this means to you and get the rest of the rankings on PRPL!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve.

InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as opposed to a standard buy/hold/sell rating.

What’s Happening With Purple Innovation Inc Stock Today?

Purple Innovation Inc (PRPL) stock is trading at $3.84 as of 3:37 PM on Friday, Aug 5, a gain of $0.12, or 3.23% from the previous closing price of $3.72. The stock has traded between $3.56 and $3.85 so far today. Volume today is low. So far 585,181 shares have traded compared to an average volume of 1,224,072 shares. Click Here to get the full Stock Report for Purple Innovation Inc stock.

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker