Analyst Price Target is $5.78
▲ +12.19% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Purple Innovation in the last 3 months. The average price target is $5.78, with a high forecast of $8.00 and a low forecast of $4.50. The average price target represents a 12.19% upside from the last price of $5.15.
Current Consensus is
The current consensus among 8 polled investment analysts is to hold stock in Purple Innovation. This rating has held steady since October 2021, when it changed from a Buy consensus rating.
Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, weighted blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah.